ORCL Oracle Corp

By Jay Greene 

Oracle Corp. said Wednesday it earned a profit of $3.23 billion, or 76 a share, in its fiscal fourth quarter, up from $2.81 billion, or 66 cents a share, a year earlier.

The company said adjusted per-share earnings, which commonly exclude stock-based compensation and other items, were 89 cents.

Revenue rose 2.8% to $10.89 billion. Excluding the impact of a strong U.S. dollar, revenue would have grown 4%, the company said.

According to estimates gathered by S&P Global Market Intelligence, analysts expected Oracle to earn 78 cents a share on an adjusted basis, on revenue of $10.45 billion.

Shares jumped 8.3% to $50.17 in recent after-hours trading.

Write to Jay Greene at Jay.Greene@wsj.com

(END) Dow Jones Newswires

June 21, 2017 16:56 ET (20:56 GMT)

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