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Oracle posts 14% gain in Q1 earnings

Staff Writer | September 15, 2017
Oracle reported earnings for its first quarter that increased compared to the same period last year.
Oracle   Bottom line totaled $2.66 billion
The company said its bottom line totaled $2.66 billion, or $0.62 per share. This was up from $2.34 billion, or $0.55 per share, in last year's first quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.0% to $9.21 billion. This was up from $8.61 billion last year.