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Tuesday, June 13, 2023
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Oracle beats quarterly revenue estimates

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(Reuters) – Oracle topped fourth-quarter revenue estimates on Monday, boosted by growing demand for its cloud offerings from companies deploying AI.

Revenue for the quarter stood at $13.84 billion, compared with analysts’ estimates of $13.74 billion, according to Refinitiv.

(Reporting by Samrhitha Arunasalam and Raghav Mahobe in Bengaluru; Editing by Maju Samuel)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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