Oracle has been pushing into the cloud business and revenue from its largest the unit, that includes its cloud services, rose 2.1 percent to $6.95 billion.
Total revenue rose 1.6 percent to $9.37 billion, beating analysts’ average estimate of $9.19 billion.
The company’s net income rose to $2.25 billion, in the first quarter ended August 31, from $2.14 billion a year earlier.
On a conference call, Oracle Chief Executive Safra Catz forecast fiscal second quarter adjusted earnings of $9.62 billion to $9.81 billion. Analysts had predicted a revenue of $9.58 billion.
“Our infrastructure businesses are also growing rapidly as revenue from Zoom more than doubled from Q4 last year to Q1 in this year. I have a high level of confidence that our revenue will accelerate as we move on past COVID-19”, Catz said.