Oracle Beats on Bottom Line in Q2, Misses on Top

Oracle reported second-quarter earnings of $0.61 a share, topping Wall Street's projections by a penny, helped by strong growth in its cloud computing business.
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Oracle (ORCL) - Get Report reported second-quarter earnings of $0.61 a share, topping Wall Street's projection of $0.60 a share. Revenue for the technology giant came in at $9.07 billion compared with analysts' estimate of $9.12 billion. Revenue from Oracle's cloud business was $878 million, up 81%. Oracle Chief Executive Safra Catz will join President-elect Donald Trump's transition team.