Oracle Reports Record Annual Profit, Revenue
June 15 2021 - 4:43PM
Dow Jones News
By Maria Armental
Oracle Corp. reported an 8% revenue increase in the latest
period, ending the year with a record $40.48 billion in
revenue.
The business software giant also reported a record $13.75
billion profit for the year ended May 31 and pointed to
accelerating growth rates of both its applications and
infrastructure cloud businesses.
Overall, fourth-quarter profit rose to $4.03 billion from $3.12
billion a year earlier. On a per-share basis, profit was $1.37, or
$1.54 as adjusted.
Revenue rose to $11.23 billion from $10.44 billion a year
earlier.
Analysts surveyed by FactSet expected a profit of $1.05 a share,
or $1.31 a share as adjusted, and $11.02 billion in revenue.
Operating cash flow, the company said, was up 21% to a record
$15.9 billion during the trailing twelve months.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
June 15, 2021 16:30 ET (20:30 GMT)
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