ORCL Oracle Corp

   By Maria Armental 
 

Oracle Corp. reported an 8% revenue increase in the latest period, ending the year with a record $40.48 billion in revenue.

The business software giant also reported a record $13.75 billion profit for the year ended May 31 and pointed to accelerating growth rates of both its applications and infrastructure cloud businesses.

Overall, fourth-quarter profit rose to $4.03 billion from $3.12 billion a year earlier. On a per-share basis, profit was $1.37, or $1.54 as adjusted.

Revenue rose to $11.23 billion from $10.44 billion a year earlier.

Analysts surveyed by FactSet expected a profit of $1.05 a share, or $1.31 a share as adjusted, and $11.02 billion in revenue.

Operating cash flow, the company said, was up 21% to a record $15.9 billion during the trailing twelve months.

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

(END) Dow Jones Newswires

June 15, 2021 16:30 ET (20:30 GMT)

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