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Oracle’s Revenue Improved after a Sluggish Growth Trend

Oracle’s Revenue Improved after a Sluggish Growth Trend

Software company Oracle (ORCL) posted revenue of nearly $11.14 billion in the fourth quarter of fiscal 2019. Its revenue not only exceeded analysts' estimate by 1.9% but also rose 1% YoY (year-over-year) in the quarter, marking its first YoY increase since the first quarter of fiscal 2019.