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Oracle’s Push Into Cloud Gathers More Momentum on Sales Growth

January 16, 2018


Oracle Corp.’s streak of revenue gains continued for a fifth straight quarter, buoyed by corporate demand for cloud-based software.

Adjusted sales rose 7 percent to $9.21 billion in the fiscal first quarter, exceeding analysts’ estimates, as sales of cloud-based products continued to make up a bigger portion of the total. Profit also topped average projections, helped by holding down growth in operating expenses.

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