Reuters logo
Oracle reports 3 percent rise in quarterly adjusted revenue
March 15, 2017 / 10:45 PM / 6 months ago

Oracle reports 3 percent rise in quarterly adjusted revenue

March 15 (Reuters) - Business software maker Oracle Corp reported a near 3 percent rise in quarterly adjusted revenue as it benefits from its transition to cloud-based products.

Net income rose to $2.24 billion, or 53 cents per share, in the third quarter ended Feb. 28, from $2.14 billion, or 50 cents per share, a year earlier.

The company’s total adjusted revenue rose to $9.27 billion from $9.01 billion. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below