Oracle beats the Street, reaffirms guidance
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Oracle Corp., the world&#39;s second-largest software firm, beat the Street with its first-quarter results after Tuesday&#39;s market close thanks to stronger sales of its database software.
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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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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.Total revenue grew by 28 percent to $5.3 billion, Oracle said.Excluding one-time charges, Oracle&#39;s reported earnings per share were $0.31, beating forecasts of $0.27 per share from analysts polled by Thomson Financial.Oracle logged major gains in new license revenue for applications, which rose by 63 percent, and in database and middleware products, which logged a 28 percent increase. The company saw services-based revenue grow by 22 percent to $1.2 billion over last year.(More to follow.)
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Oracle Corp.  posted a  quarterly profit on Tuesday that topped Wall Street estimates  as new business software license revenue rose, sending its  shares up 13 percent to their highest in four years.
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The software company beat Wall Streetâs projections as it claimed substantial gains over its rivals, SAP and I.B.M.
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Oracle Corp.'s fiscal fourth-quarter profit topped analyst expectations, providing further validation for a $25 billion shopping spree that has enabled the software maker to narrow rival SAP AG's long-standing lead in the business applications market.
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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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SAN FRANCISCO - Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, overcoming sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.    The Redwood Shores-based company said Tuesday it earned $509 million, or 10 cents per share, during the three months ended in August, a 16 percent improvement from $440 million, or 8 cents per share, at the same time last year...
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SAN FRANCISCO Business software maker Oracle&#39;s quarterly earnings barely exceeded analyst expectations, despite sluggish sales.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) on Tuesday reported a 16 percent rise in quarterly net income as the world&#39;s second largest software company benefited
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Oracle Corp.'s quarterly profit surged 21 percent as the business software maker reaped the latest returns from a two-year shopping spree that has eliminated several major rivals and shored up its product line.
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Talk about a great day for Oracle Corp. founder Larry Ellison.
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Stocks gained on Friday, putting the Dow and S&P on track for their best week since March, after stronger-than-expected results from software maker Oracle Corp  helped the profit picture for technology.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.
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Shares finished higher Thursday as investors set aside concerns about downbeat economic reports and focused on Oracleâs strong profits statement.
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Oracle Corp. , the world's third-largest software maker, reported profit that beat Wall Street expectations on Tuesday and gave a positive growth outlook for the current quarter that nudged its shares higher.
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Oracle Corp. on Tuesday reported  a higher quarterly profit as the world's second largest  software company benefited from steady demand for its flagship  database software.