Oracle beats quarterly revenue estimates on strong cloud demand
By Syndicated ContentMar 10, 2021 | 4:09 PM
(Reuters) – Business software maker Oracle Corp reported quarterly revenue on Wednesday that beat analysts’ estimates, helped by strong demand for its cloud computing services due to remote working.
Revenue rose to $10.09 from $9.8 billion during the third quarter ended Feb. 28, compared with analysts’ estimates of $10.07 billion, according to IBES data from Refinitiv.
(Reporting by Chavi Mehta in Bengaluru; Editing by Shounak Dasgupta)
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