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Oracle back in the black for second quarter

Oracle back in the black for the second quarter

Oracle has reported big growth for its second quarter, with sales up 18% to $12.3 billion for the three months ended 30 November.

Cloud services and license support revenues were up 14% to $8.6 billion.

Cloud license and on-premise license revenues were up 16% to $1.4 billion.

For the second quarter, the acquired Cerner health services and technology business contributed $1.5 billion to total revenues.

The Q2 GAAP operating income was $3.1 billion, with a profit margin of 25%.

The GAAP net income was $1.7 billion. In the second quarter last year, the company made both an operating loss and a net loss.

Oracle CEO Safra Catz said: “That strong overall revenue growth was powered by our infrastructure and applications cloud businesses. Each and every one of our strategic businesses delivered solid revenue growth in the quarter.”