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The company, which counts Zoom Video Communications (NASDAQ:ZM) Inc and fast-food chain McDonald’s Corp (NYSE:MCD) as its customers, has been bolstering its cloud infrastructure spurred by the pandemic as people work remotely and businesses shift their operations to the cloud.
Revenue rose to $10.09 billion from $9.8 billion during the third quarter ended Feb. 28, compared with analysts’ estimates of $10.07 billion, according to IBES data from Refinitiv.
Oracle reported a net income of $5.02 billion, or $1.68 per share, in the quarter, compared with $2.57 billion, or 79 cents per share, a year earlier.
