Oracle reported sales of $9.27 billion in its second fiscal quarter, up 2 per cent from the same period last year, but said on Wednesday that profit was off about 1 per cent from a year ago.
The company earned $2.56 billion in the three-month period that ended November 30.
The results beat Wall Street’s expectations despite declines in both new software license sales and hardware sales, news reports said.
The company’s new software license and cloud subscription sales fell 1 per cent year-on-year to $2.4 billion. Hardware revenue of $714 million was down 3 per cent, the company said.
“We’re very pleased with our results,” Oracle Chief Financial Officer Safra Catz said. “Software revenue grew 5 per cent, helping drive our tremendous cash flow, and for the first time ever we generated more than $15 billion in operating cash flow over four quarters.”