Oracle’s Revenue Declines 1% – WSJ

Oracle’s Revenue Declines 1% - WSJ

Oracle Corp. reported a 1% decline in revenue for its latest quarter, a smaller drop than what Wall Street had been expecting, as the software giant’s cloud-services business slightly outperformed.

For its fiscal third quarter, the Redwood City, Calif., software giant reported a profit of $2.75 billion, or 76 cents a share, compared with a year-earlier loss of $4.05 billion, or 98 cents a share, that was due to a one-time tax charge of $6.9 billion.

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