Oracle: Fiscal 4Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Oracle Corp. (ORCL) on Tuesday reported fiscal fourth-quarter net income of $3.41 billion.
On a per-share basis, the Redwood City, California-based company said it had profit of 82 cents. Earnings, adjusted for amortization costs and stock option expense, came to 99 cents per share.
The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The software maker posted revenue of $11.25 billion in the period. Its adjusted revenue was $11.26 billion, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $11.19 billion.
For the year, the company reported profit of $3.