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Oracle rides high on cloud boom

By Staff Writer

Jun 14 2022 12:39PM

Revenue, profit beat estimates.

Oracle rides high on cloud boom

Oracle topped Wall Street estimates for quarterly profit and revenue as demand for its cloud products soars amid an industry-wide shift to cloud-based platforms. Revenue for the fourth quarter ended May 31 grew to US$11.84 billion, above analysts' average estimate of US$11.66 billion, ...

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