(Bloomberg) -- Oracle Corp. posted third-quarter revenue and profit that topped analysts’ estimates, signaling growing demand for the software maker’s cloud-based services that compete with Amazon.com Inc. and Salesforce.com Inc.
Profit before certain items was 69 cents a share, compared with an average estimate of 62 cents. Adjusted sales rose 2.9 percent to $9.27 billion in the period that ended Feb. 28, the Redwood City, California-based company said Wednesday in a statement. On average, analysts had projected $9.26 billion, according to data compiled by Bloomberg.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access