Software Maker Triples Its Profit
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CA Inc. reported Thursday that quarterly profit ballooned as it cut expenses and the weak dollar helped bolster revenue from overseas operations.
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The companyâs performance shows that it is making progress in its shift toward selling higher-margin software.
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Red Hat Inc., which distributes Linux software, on Monday said fiscal second-quarter profit more than tripled from a year ago as the company saw demand grow during the period.
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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.
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IBM reported a 6 percent increase in profit for its fiscal third quarter as a strong performance from its services business offset a slide in hardware revenue.
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The software maker proves that its form of capitalism is working quite well, with quarterly earnings topping its own and Wall Street's predictions.
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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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The company reported double-digit growth of at least 25% all around, from new software licenses to profit and revenue.
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The investment firm reported strong third-quarter earnings.
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Fourth-quarter profit surged from a year-ago period that included hefty restructuring costs and liability charges related to the companyâs top-selling drug, Zyprexa.
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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 Corp. ORCL.O 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 increase resulted from a sharp rise in sales in its business software unit, the company said.
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Microsoft Corp. MSFT.O, the world's  largest software maker, on Thursday said its first quarter  profit climbed as personal computer sales and business demand  fueled higher sales.
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PeopleSoft Inc.  on Thursday reported a quarterly net profit, after a year-earlier loss, as the company saw stronger sales of its  business software than what it had forecast earlier despite its continued fight to block a takeover from rival Oracle Corp.
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(MENAFN) The world&#39;s biggest software company, Microsoft Corp, said that its first quarter profits grew to $2.9 billion as consumers and businesses boosted demand for new computers, AFP reported.
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The software maker said its profit slipped in the fourth quarter even as sales edged higher, and forecast revenue from software sales and services of about 14 percent in 2008.