AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Tuesday reported fiscal first-quarter net income of $2.93 billion.
The Austin, Texas-based company said it had net income of $1.01 per share. Earnings, adjusted for one-time gains and costs, were $1.47 per share.
The results met Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of $1.47 per share.
The software maker posted revenue of $14.93 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $15.01 billion.
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