Oracle reported better-than-expected earnings for its fiscal fourth quarter after customers spent more money on cloud services.

The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close.

The company will hold a conference call with analysts at 5 p.m. Eastern time to discuss the results.

Here are the numbers:

• Earnings: Excluding certain items, 99 cents per share vs. 94 cents expected by analysts, according to Thomson Reuters.
• Revenue: $11.25 billion vs. $11.19 billion expected by analysts, according to Thomson Reuters.

Oracle said in a statement on Tuesday that revenue rose 3 percent. For the full fiscal year, sales rose 6 percent, marking the fastest growth since 2011. The company didn’t disclose new software license revenue in the quarter.

Like other large software companies, Oracle has been shifting its focus to cloud-based services. In this quarter Oracle coupled cloud services and license support revenue to produce $6.8 billion, which was up 8 percent year over year.

Revenue for cloud services and license support and on-premises and cloud licenses came in at $9.25 billion, just slightly above the $9.24 billion FactSet analyst consensus.

Oracle offers cloud infrastructure alongside the likes of Amazon, Microsoft and Google. But Oracle’s move to the cloud has taken longer than expected, and Amazon and others are growing faster, KeyBanc analysts led by Monika Garg wrote in a recent note.

“This means it could be difficult for Oracle to catch up with its cloud peers,” wrote Garg, who has a “hold” rating on the stock.

In the earnings statement Oracle did not provide a specific revenue figure for cloud infrastructure and platform as a service in its fiscal fourth quarter, or the full 2018 fiscal year. Analysts polled by FactSet had expected those services to deliver $470 million, suggesting a growth rate of 18.3 percent.

As for guidance, in the first fiscal quarter of Oracle’s 2019 fiscal year, analysts are looking for 72 cents in earnings per share, excluding certain items, on $9.52 billion in revenue, according to Thomson Reuters.

Oracle shares are down 2 percent since the beginning of the year. In the quarter Oracle acquired DataScience.com and Vocado and a deal with American Electric Power.

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