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Oracle reports 3 percent rise in quarterly adjusted revenue

March 15 Business software maker Oracle Corp reported a near 3 percent rise in quarterly adjusted revenue as it benefits from its transition to cloud-based products.

Net income rose to $2.24 billion, or 53 cents per share, in the third quarter ended Feb. 28, from $2.14 billion, or 50 cents per share, a year earlier.

The company's total adjusted revenue rose to $9.27 billion from $9.01 billion. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

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