Reuters

Oracle beats quarterly revenue estimates on strong cloud demand

Reuters logo Reuters 10/03/2021 22:09:34
FILE PHOTO: An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington © Reuters/Tom BrennerFILE PHOTO: An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington

(Reuters) - Business software maker Oracle Corp reported quarterly revenue on Wednesday that beat analysts' estimates, helped by strong demand for its cloud computing services due to remote working.

Revenue rose to $10.09 from $9.8 billion during the third quarter ended Feb. 28, compared with analysts' estimates of $10.07 billion, according to IBES data from Refinitiv.

(Reporting by Chavi Mehta in Bengaluru; Editing by Shounak Dasgupta)

jeudi 11 mars 2021 00:09:34 Categories: Reuters

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