Orcl After the US market ended the day’s trading on a healthy note, few companies declared their quarterly earnings. Some companies are set to release their quarterly financial results before the opening bell on Friday.
Oracle Corporation (Nasdaq: ORCL), a leading business-software developer, reported a 78 percent increase in its Q3 net income to $2.1 billion or 41 cents per share from its previous year income of $1.2 billion or 23 cents a share. Revenue of the company during the quarter rose 37 percent to $8.8 billion from $6.4 billion a year earlier. Analysts’ had projected a profit of 50 cents per share for the company. ORCL gained 2.32 percent or $0.73 to $32.14 during the day’s trading.
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