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Oracle Sales Top Expectations Against Uncertain Economic Backdrop

Oracle gross sales rose within the newest quarter, soothing considerations in regards to the business-software big’s outlook in opposition to a backdrop of financial uncertainty affecting expertise firms.

The Austin, Texas-based firm mentioned companywide income was up 5% to $11.84 billion in its fiscal fourth quarter, whereas complete cloud income grew 19% from a 12 months earlier to $2.9 billion. Analysts polled by FactSet anticipated $11.61 billion in complete income.