Oracle CEO Safra Catz. Photo credit: Oracle PR

Software giant Oracle has announced its financial results for the quarter ending August 2020, reporting $9.4 billion in revenue and net income of $2.25 billion. Oracle beat its own financial guidance by about $150 million, implying a strong fiscal quarter for the company. For the quarter, Oracle’s board has declared a $0.24 per share dividend that’ll be paid to stockholders in late October.

Revenue for the quarter was up 2% year-over-year while net income went up 5% compared to the same period last year.

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