Shares of Oracle Corporation (ORCL - Free Report) gained more than 8% in after-hours trading Wednesday following the release of the company’s fourth-quarter earnings report, which saw the software giant post better-than-expected results on both the top and bottom lines.

Oracle reported quarterly revenue of $10.89, handily beating our consensus estimate of $10.46 billion. Quarterly earnings were also above our expectations, with profits of 82 cents per share (excluding six cents from non-recurring items) surpassing the Zacks Consensus Estimate of 73 cents.

Software-as-a-Service cloud revenues gained 67% to $964 million, while Platform-as-a-Service cloud revenues were up 40% to $403 million.

 “Our fourth quarter results were very strong as revenue growth and earnings per share both substantially exceeded the high end of guidance,” said Oracle CEO Safra Catz. “We continue to experience rapid adoption of the Oracle Cloud led by the 75% growth in our SaaS business in Q4. This cloud hyper-growth is expanding our operating margins, and we expect earnings per share growth to accelerate in fiscal 2018.”

Total revenues from cloud operations gained nearly 60% year-over-year to $1.361 billion. Oracle’s cloud segment accounted for 13% of its revenue in the quarter. Overall, revenues were up a respectable 3.3%.

Oracle did not provide guidance in its earnings release, but the company is expected to issue projections in its earnings conference call.