New Business Helps Oracle to a Strong Quarter
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The business software company surpassed Wall Streetâs projections as the company reported a sharp rise in new software licenses.
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Oracle (ORCL) Tuesday reported a 16% 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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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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Shares of software maker Oracle Corp.  rose as much as 8 percent in early trading on Wednesday, a day after the company posted strong quarterly profit fueled by steady demand for its flagship database products.
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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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New software licensing revenue growth -- the highest inÂ 10 years for the company -- helped boost Oracle's first-quarter financials.
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Business software maker Oracle Corp.  on Monday posted a higher quarterly profit on firm demand for its market-leading database software.
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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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Oracle Corp.'s fiscal fourth-quarter profit rose 23 percent as the business software maker harvested more sales from the crop of customers picked up in a $25 billion shopping spree that has buried much of its competition.
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Oracle Corp. , the world&#39;s  third-largest software maker, reported on Tuesday higher  quarterly profit as sales of products it acquired over the past  year helped boost earnings.
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The Oracle Corporation reported Tuesday that first-quarter earnings had risen 16 percent on strong demand for its flagship database programs, enabling the company
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(InfoWorld) - Broad and strong revenue growth drove Oracle to higher profit in the fourth quarter and the company's full 2007 fiscal year. The software giant's quarterly revenue rose 20 percent from a year earlier to $5.8 billion, and its net income was up 23 percent to $1.6 billion, based on generally accepted accounting principles (GAAP). Earnings rose 27 percent from a year earlier to $0.31 per share. The company boasted of big year-over-year gains in revenue from new database and middleware licenses, new application licenses, services, licensing, and software overall. Full-year revenue was also up, with a 25 percent increase to $18 billion. Net income and earnings per share for the year also rose. Excluding certain items, Oracle earned $0.37 per share in the quarter. That result beat estimates by analysts polled by Thomson Financial, who had expected $0.35 per share. Revenue also beat analysts' consensus estimate of $5.6 billion. "It was a great year," president and chief financial officer Safra Catz said in a news release. (More to follow.)
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Oracle Corp. ORCL.O on Thursday   posted a higher quarterly profit, helped by   stronger-than-expected new software license revenue.
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Oracle Corp. reported revenue and earnings growth in its first fiscal quarter, with its revenue from new software licenses rising 7 percent, to $563 million.
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Business software maker Oracle  Corp.  posted a profit on Tuesday that topped Wall  Street estimates and forecast solid growth this quarter, and  its shares rose 9 percent to their highest level in four years.
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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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By Ryan Blitstein, San Jose Mercury News, Calif.  Dec. 18--Oracle earned $967 million during the second quarter, an  increase of 21 percent from the same quarter last year, the company said  today.