Oracle Beats Wall Streetâs Expectations for Quarter
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The business software firm recorded some of its sharpest quarterly growth in a decade, easing fears it would be bruised by the mortgage crisis.
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Oracle Corp. , the world's second-largest business software maker, on Wednesday forecast 2005 and 2006 earnings above Wall Street estimates, helped by its &#36;10.3 billion acquisition of PeopleSoft.
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Stocks resumed the weekâs rally as Wall Street drew confidence from strong earnings from Oracle.
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Oracle Corp  posted a 35 percent rise in quarterly profit on strong new software sales, beating expectations at a time when investors are wary that growth in technology spending may be slowing.
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The giant technology company gave Wall Street a pleasant surprise by announcing quarterly earnings that were far higher â up 24 percent â than most analysts had forecast.
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The Nasdaq composite index rose on Thursday following a reassuring profit and outlook report from Oracle Corp  that lifted the technology sector, but the broad market was little changed as troubles at a major bond insurer weighed down the financial sector.
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Robust software sales pushed Oracle&#39;s second-quarter net income up 35 percent compared to the same period last year, to $1.3 billion, or $0.25 per share, the company said Wednesday.
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Business software maker Oracle   Corp. ORCL.O posted a quarterly profit on Tuesday that topped   Wall Street forecasts as strong sales of new licenses for   applications helped boost revenue, sending its shares up 5   percent.
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Oracle's earnings exceeded expectations, despite sluggish sales in a product line that the company hopes to bolster by completing a takeover of rival PeopleSoft.
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Business software maker Oracle  Corp.  posted a quarterly profit on Tuesday that topped  Wall Street forecasts as strong sales of new licenses for  applications helped boost revenue, sending its shares up 5  percent.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared, beating expectations at a time when investors are nervous that IT spending is slowing, and its shares climbed 4 percent.
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SAN FRANCISCO - Oracle has reported a 16 per cent rise in quarterly net income as the world&#39;s second-largest software company benefited from steady demand for its flagship database software.
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BUSINESS software maker Oracle&#39;s quarterly earnings just exceeded analyst expectations, overcoming sluggish sales in applications the company hopes to remedy through its takeover bid for rival PeopleSoft.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.
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Stocks rose on Thursday after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc  helped to lift the technology sector.
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NEW YORK, September 15 (New Ratings) - Oracle Corporation (ORCL.NAS) reported its 1Q FY05 earnings ahead of expectations, despite a 36% year-over-year decline in the company&#39;s enterprise application software sales during the quarter.
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Business software maker Oracle Corp.  ORCL.O on Monday posted a higher quarterly profit on firm  demand for its market-leading database software.