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Technology / AI and automation

COMPANY RESULT: ORACLE CORP

Oracle Corp, the Redwood Shores, California-based software company, has reported second quarter net profits up 46.3% at $274.1m on revenues up 27.4% at $2,055.9m; mid-term net profits rose 140% to $469.1m on revenues up 27.6% at $3,805.1m. Net per share rose 47.4% to $0.28 in the quarter, up 153% to $0.48 in the half. Comparative figures for the half year include a charge of $167m for the write off of acquired in-process research and development.

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CBR Staff Writer

CBR Online legacy content.