Oracle beats quarterly revenue estimates
March 10 (Reuters) - Oracle beat Wall Street estimates for third-quarter revenue on Tuesday, as robust demand for its cloud computing services, driven by the artificial intelligence boom, helped the company compete against larger rivals.
The company reported total revenue of $17.19 billion for the quarter, compared with analysts' average estimate of $$16.91 billion, according to data compiled by LSEG.
(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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