AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Tuesday reported fiscal third-quarter profit of $3.72 billion.
The Austin, Texas-based company said it had net income of $1.27 per share. Earnings, adjusted for one-time gains and costs, were $1.79 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The software maker posted revenue of $17.19 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $16.89 billion.
For the current quarter ending in May, Oracle expects its per-share earnings to range from $1.96 to $2.
The company expects full-year revenue of $67 billion.
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