TECH

Oracle Q4: revenue grew 5.5% YoY to $11.84B, vs $11.7B est., with total cloud revenue up 19% YoY to $2.9B and net income down 21% YoY to $3.2B; stock jumps 8%+ (Brody Ford/Bloomberg)


Brody Ford / Bloomberg:

Oracle Q4: revenue grew 5.5% YoY to $11.84B, vs $11.7B est., with total cloud revenue up 19% YoY to $2.9B and net income down 21% YoY to $3.2B; stock jumps 8%+  —  Oracle Corp. reported better-than-expected quarterly revenue and profit in a sign that demand for information technology …



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