FedEx (NASDAQ: FDX) reported a revenue increase of 4.3% while net income increased 4.2% YoY. Diluted earnings per share for Q2 2016 rose 5.6% to $2.44 from $2.31 the same quarter last year. Revenue from the FedEx Ground business segment grew 32% while income from the FedEx Express division declined 6%.
Oracle (NYSE: ORCL) saw its revenue decline 6.3% and net income decreased 12.2% YoY in Q2 of 2016. Diluted EPS fell 8.9% to $0.51 compared from $0.56 YoY. Cloud software and infrastructure revenue grew 26% but was negated by a 2% decline in software updates revenue and a 16% decrease in hardware revenue.
FactSet Research (NYSE: FDS) reported an 11.5% rise in revenue for Q1 2016 driven by a 14% increase in users YoY. Net income rose 7.3% and diluted EPS increased 8.3% to $1.43 from $1.32 YoY. For Q1 2016, the number of buy side clients grew 4.5% while sell side clients increased 49.3% from the same quarter last year.
General Mills' (NYSE: GIS) revenue for Q2 2016 declined 6.1% while net income increased 53%. Diluted earnings per share increased 55.4% to $0.87 from $0.56 the same quarter last year. The increase in net income was highly impacted by a one-time gain from the divestiture of Green Giant. US earnings were down 2.6% while International revenue went up 1.5%.
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