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Oracle earnings show best revenue growth in nearly two years

March 13, 2020

Oracle Corp. shares moved higher in after-hours trading Thursday after the company reported sales growth of slightly less than 2%, its highest increase in nearly two years.

Oracle ORCL, -11.00% reported fiscal third-quarter profit of $2.6 billion, or 79 cents a share, on sales of $9.8 billion, up from $9.62 billion a year ago. Oracle has struggled to increase revenue, posting year-over-year gains of less than 0.5% for six consecutive quarters before Thursday’s increase of 1.9%.

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