AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Wednesday reported fiscal fourth-quarter net income of $3.43 billion.
On a per-share basis, the Austin, Texas-based company said it had net income of $1.19. Earnings, adjusted for one-time gains and costs, were $1.70 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The software maker posted revenue of $15.9 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $15.54 billion.
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