Oracle net profit rises 1.8% to $2.81 billion
Software giant Oracle on Thursday reported a marginal 1.8% year-on-year rise in net profit in the quarter ended May to $2.81 billion. Revenue for the quarter fell 1% to $10.59 billion. Notably, the tech firm's revenue from cloud-computing services rose 49.1% to $859 million following its acquisition of cloud companies Textura and Opower during the period.