Oracle Quarterly Income Rises 16 Percent
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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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Oracle Corp. ORCL.O 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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Business software maker Oracle   Corp. ORCL.O 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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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  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. fared far better than analysts anticipated in its fiscal second quarter, easing worries that the sagging U.S. economy and slowing corporate spending on technology would drag down the business software maker.
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Second-quarter profit rose 16 percent as higher prices overshadowed an increase in advertising costs.
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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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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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Fresh off a surprising legal victory in its bid to acquire PeopleSoft, Oracle reported a 16 percent jump in profit Tuesday, beating Wall Street&#39;s estimate by a penny.
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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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Oracle reported second-quarter 2005 earnings that beat analyst expectations today, thanks to new software revenue and continued gains from license updates and product support.
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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.
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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. , the world'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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Shares of software maker Oracle Corp.  ORCL.O 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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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.