Oracle reports 6.9 percent rise in quarterly revenue
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September 14, 2017This post was originally published on this site
(Reuters) – Oracle Corp reported a 6.9 percent rise in quarterly revenue, helped by the company’s aggressive push into the cloud.
The company’s net income rose to $2.21 billion, or 52 cents per share, in the first quarter ended Aug. 31 from $1.83 billion, or 43 cents per share, a year earlier.
Total revenue rose to $9.19 billion from $8.59 billion.
Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila
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