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Oracle’s quarterly profit rises 5 percent

FILE PHOTO: People gather prior to the start of a keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California on September 24, 2013. REUTERS/Jana Asenbrennerova/File Photo

(Reuters) – Business software maker Oracle Corp reported a 5.4 percent rise in quarterly profit on Monday, driven by the growth of its cloud services and licensing support company.

The net profit rose to $2.33 billion, or 61 cents per share, in the second quarter that ended Nov. 30, from $2.21 billion, or 52 cents per share, a year earlier.

The total revenue decreased to $9.56 billion from $9.59 billion.

Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur

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