Oracle has downshifted and downsized its hardware business and that's helping operating margins.
Oracle delivered better-than-expected fiscal fourth quarter earnings and sales amid strong NetSuite and Fusion ERP and HCM subscription revenue.
The company reported fourth quarter earnings of $3.7 billion, or $1.07 a share, on revenue of $11.1 billion, up 1% from a year ago. Non-GAAP earnings for the fourth quarter were $1.16 a share.
Wall Street was expecting Oracle to deliver revenue of $10.93 billion with non-GAAP earnings of $1.07 a share.
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