Oracle beats quarterly revenue estimates

(Reuters) - Oracle Corp posted better-than-expected quarterly revenue on Monday, driven by strong demand for its cloud software business as companies move to hybrid working models.

The software company's total revenue rose 18.5% to $12.28 billion in the second quarter compared with a Refinitiv consensus estimate of $12.05 billion, per 19 analysts.

(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)