Oracle Reports Higher Profit

By Maria Armental

Software giant Oracle Corp. reported higher profit and roughly flat revenue in the latest quarter.

The Silicon Valley company, best known for its corporate database software, reported $9.61 billion in revenue for the quarter ended Nov. 30, missing analysts' projected $9.65 billion, according to FactSet.

Profit for the second quarter rose to $2.31 billion, or 69 cents a share. On an adjusted basis, profit rose to 90 cents a year, from 80 cents a share a year earlier. Analysts surveyed by FactSet expected a profit of 68 cents a share, or 89 cents a share as adjusted.

It was the company's first earnings report since the October death of Mark Hurd, who had shared the post of chief executive with Safra Catz.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

December 12, 2019 16:48 ET (21:48 GMT)

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