Oracle's Q2 earnings surge on cloud growth

San Francisco

ORACLE Corp's efforts to push deeper into Web-based cloud computing are paying off, with the software maker reporting fiscal second-quarter profit and sales that surpassed analysts' estimates.

Profit before certain costs was 69 US cents a share in the period that ended on Nov 30 on revenue of US$9.6 billion, the company said on Wednesday. On average, analysts projected profit of 68 US cents and US$9.5 billion in sales, according to Bloomberg data.