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Software giant Oracle Corporation (NYSE: ORCL ) said its third-quarter profit rose 18%. As a result, adjusted earnings rose sharply.
At $12.4 billion, revenue grew 18% year over year in the third quarter of fiscal 2023. Cloud services and license support revenue grew 17%
Adjusted earnings rose to $1.22 per share in the most recent quarter from $1.13 per share a year ago. Net income, including one-off items, was $1.90 billion or $0.68 per share, compared to $2.32 billion or $0.84 per share last year.
Check out this space to read management/analyst commentary on Oracle’s Q3 results
“We have signed a variety of new and growing domestic and international customers including: the US Department of Defense, the US Department of Veterans Affairs, Hospital Groups in dozens of the United States, many hospitals in the United Kingdom, several Canadian Provinces,” said CTO Oracle Larry Ellison.
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