Oracle sees increased demand for cloud services
 

Beat expectations is cool for Catz

Oracle beat expectations for what the cocaine nose jobs of Wall Street expected from its first quarter results and sending its shares up five percent on Thursday.

Oracle has been pushing into the cloud business and revenue from its largest the unit, that includes its cloud services, rose 2.1 percent to $6.95 billion.

Total revenue rose 1.6 percent to $9.37 billion, beating analysts’ average estimate of $9.19 billion.

The company’s net income rose to $2.25 billion, in the first quarter ended August 31, from $2.14 billion a year earlier.

https://fudzilla.com/news/51523-orac...cloud-services