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Reuters
Oracle beats quarterly revenue estimates on strong cloud demand
© 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
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