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.
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