AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Wednesday reported fiscal second-quarter earnings of $6.14 billion.
On a per-share basis, the Austin, Texas-based company said it had net income of $2.10. Earnings, adjusted for one-time gains and costs, were $2.26 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The software maker posted revenue of $16.06 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $16.15 billion.
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