Growth in cloud business helped Oracle top quarterly profit and revenue and it said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware. 

"We expect minimal impact from the virus in the quarter, given that much of the subscription revenue is already contracted," Oracle's chief executive Safra Catz said on an earnings call with investors. 

The business software maker's cloud services and license support unit, which accounts for more than half of its revenue, grew 4% to $6.93 billion in the third quarter. 

Oracle has been trying catch up with rivals such as and Microsoft in cloud business that helps companies save cost by renting data centres rather than owning them. 

Oracle said last month it added new data centres in five countries and plans to add 36 locations by the end of the year. 

It said its total revenue rose nearly 2% to $9.8 billion, beating analysts' average estimate of $9.75 billion, according to IBES data from Refinitiv. 

Net income fell to $2.57 billion in the quarter ended February 29, from $2.75 billion. But on a per share basis, it rose to 79 cents per share from 76 cents a year earlier. 

On an adjusted basis, the California-based company earned 97 cents per share, a cent above expectations.