REDWOOD CITY, Calif. (AP) _ Oracle Corp. (ORCL) on Thursday reported fiscal second-quarter earnings of $2.31 billion.
The Redwood City, California-based company said it had profit of 69 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 90 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The software maker posted revenue of $9.61 billion in the period. Its adjusted revenue was $9.62 billion, missing Street forecasts. Nine analysts surveyed by Zacks expected $9.63 billion.
Oracle shares have increased 25% since the beginning of the year, while the Standard & Poor's 500 index has climbed 27%. In the final minutes of trading on Thursday, shares hit $56.53, a climb of 19% in the last 12 months.