Oracle Profit Tops Street On Strong Cloud Revenues – Update

(RTTNews.com) – Business software giant Oracle Corp. ( ORCL ), Thursday reported an increase in profit for the second quarter, as revenues grew 6 percent reflecting strong growth in cloud revenues. Earnings for the quarter trumped Wall Street estimates, as did revenues. Redwood Shores, California-based Oracle’s second-quarter profit rose to $2.23 billion or $0.52 per share from […]