(RTTNews) - Shares of Oracle Corporation (ORCL) are rising more than 4% Tuesday morning after reporting upbeat quarterly results.
Net income was $3.319 billion or $1.19 per share in the fourth quarter, up from $3.189 billion or $1.16 per share last year, helped by growth in cloud revenue.
Excluding one-time items, earnings were $4.655 billion or $1.67 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $1.58 per share.
Total Revenue was $13.837 billion, up 17%.
ORCL is at $121.16 currently. It has traded in the range of $60.78 - $123.99 in the last 1 year.
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