March 12, 2020 / 8:08 PM / 2 months ago

REFILE-Oracle quarterly revenue tops estimates on strong cloud demand

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March 12 (Reuters) - Business software maker Oracle Corp on Thursday reported better-than-expected quarterly revenue as more companies opted for its cloud services and software.

Total revenue rose nearly 2% to $9.8 billion, beating analysts’ average estimate of $9.75 billion, according to IBES data from Refinitiv.

Net income fell to $2.57 billion in the third quarter ended Feb. 29, from $2.75 billion. But on a per share basis, it rose to 79 cents per share from 76 cents a year earlier. (Reporting by Neha Malara in Bengaluru; Editing by Arun Koyyur)

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