AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Monday reported fiscal first-quarter net income of $2.93 billion.
On a per-share basis, the Austin, Texas-based company said it had profit of $1.03. Earnings, adjusted for stock option expense and amortization costs, were $1.39 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The software maker posted revenue of $13.31 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $13.22 billion.
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