Oracle beats Q4 expectations as cloud applications gain momentum
Oracle on Tuesday published its fourth quarter financial results, with better-than-expected top and bottom line results. The database giant reported an accelerating growth rate among cloud applications. Non-GAAP net income was up 20 percent to $4.5 billion, with non-GAAP earnings per share reaching $1.54. Total quarterly revenues were up 8 percent year-over-year to $11.2 billion. […]
