Oracle's earnings in the second quarter were mostly better than Wall Street's expectations, and the company saw some growth in its struggling hardware business.
Oracle reported a $2.55 billion profit during the quarter, down slightly from the $2.58 billion it reported in last year's second quarter. Shares were up around 3 percent in after-hours trading on Wednesday.
The company's overall hardware revenue grew 2 percent during the quarter to $71 million. Oracle's cloud business also saw growth in the second quarter, with cloud bookings jumping 35 percent.