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Oracle beat on earnings per share while growing cloud revenue by 32%

Becky PetersonMar 20, 2018, 01:56 IST

Getty Images/Justin Sullivan

Oracle matched analysts' revenue targets and beat adjusted profit estimates during the company's fiscal Q3, but the stock was down more than 3% in after hours trading.

Here's what Oracle reported:

Earnings per share (adjusted) were $0.83, up 16% from the year before. Analysts expected $0.72.
Revenue (GAAP) for the quarter was $9.78 billion, up 6% from the year before. Analysts expected $9.78 billion.
Cloud revenue at the company was up 32% to $1.6 billion

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Oracle beat on earnings per share while growing cloud revenue by 32%

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