Oracle Income Grows on Database Software Sales
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Oracle on Tuesday announced a 16 percent increase in its first-quarter net income, attributing the gain to demand for its database software, Oracle Database 10g.
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Broad and strong revenue growth drove Oracle Corp. to higher profit in the fourth quarter and the company's full 2007 fiscal year.
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Oracle Corp , the world's third-largest software maker, reported a 25 percent rise in quarterly profit on Thursday, but forecast slower growth in sales of new software in the current quarter.
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PeopleSoft Inc., which is fighting a takeover bid from Oracle Corp., said revenue from new software licenses this quarter has exceeded Oracle&#39;s sales of the same kind of products in its most-recent period.
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Business software maker Oracle  Corp.  said on Thursday its fourth-quarter profit would  beat company forecasts as new software license revenue rose a  better-than-expected 32 percent.
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Oracle, the world's second largest software producer, saw profits jump 16% to $509m (Â£283m) in the first half of the year on strong sales of its core database products.
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Oracle logged major gains in new license revenue for applications, which rose by 63%, and for database and middleware products, which saw a 28% increase.
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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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InfoWorld - Robust software sales pushed Oracle'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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Oracle Corp. ORCL.O on Tuesday  reported a 16 percent rise in quarterly net income as the  world's second largest software company benefited from steady  demand for its flagship database software.
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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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Oracle Corp. on Tuesday reported a 16 percent rise in quarterly net income as the world's second largest software company benefited from steady demand for its flagship database software.
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Broad and strong revenue growth drove Oracle to higher profit in the fourth quarter and the company's full 2007 fiscal year.
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Business software maker Oracle Corp. on Thursday said its fiscal fourth profit rose 27 percent on record revenue as sales surged across most of its business lines and geographic regions.
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Oracle Corp.  on Tuesday reported a 16 percent rise in quarterly profit fueled by steady demand for its flagship database software, but executives warned that customers were still cautious about spending on technology.
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US software giant Oracle posted higher profits for the past three months, boosted by new business products gained from acquisitions.
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Oracle Corp.  on Monday  posted a 21 percent rise in quarterly profit, helped by sales  of business software licenses to the customers of acquired  rivals like Siebel Systems and PeopleSoft.