Oracle Corp. Reports 14% Gain In Q1 Earnings

(RTTNews) - Oracle Corp. (ORCL) reported earnings for its first quarter that increased compared to the same period last year.

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.

Oracle Corp. earnings at a glance:

-Earnings (Q1): $2.66 Bln. vs. $2.34 Bln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q1): $0.62 vs. $0.55 last year. -EPS Growth (Y-o-Y): 12.7% -Analysts Estimate: $0.60 -Revenue (Q1): $9.21 Bln vs. $8.61 Bln last year. -Revenue Change (Y-o-Y): 7.0%