Software giant Oracle Corporation (ORCL) surpassed revenue and EPS estimates in the last quarter. The company’s EPS was 3.2% above the consensus estimate, while its revenue beat analyst estimates by 2.1%.
The strength in cloud infrastructure and cloud-based applications drove the revenue beat. Its total cloud revenue, including infrastructure-as-a-service (IaaS) and software-as-a-service (SaaS), rose 48% year-over-year in constant currency to $3.80 billion. IaaS revenue increased 59% year-over-year in constant currency to $1 billion.
