Oracle's Earnings Just Top Expectations
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SAN FRANCISCO - Oracle Corp. topped Wall Street's profit forecast, but the business software maker saw sales of its business applications software slide 36 percent - with the reversal of that slump a key goal behind Oracle's tenacious pursuit of rival PeopleSoft Inc...
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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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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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Business software maker Oracle   Corp. ORCL.O posted a quarterly profit on Tuesday that topped   Wall Street forecasts as strong sales of new licenses for   applications helped boost revenue, sending its shares up 5   percent.
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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) - 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. 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.'s quarterly profit surged 21 percent as the business software maker reaped the latest returns from a two-year shopping spree that has knocked out major rivals and shored up its product line.
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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 US$563 million.
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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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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 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. 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. ORCL.O on Thursday   posted a higher quarterly profit, helped by   stronger-than-expected new software license revenue.
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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.
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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 Corp. ORCL.O, the  world's biggest database software company, on Wednesday  forecast profits at the high end of Wall Street estimates,  aided by subscriber growth tied to its $10.3 billion  acquisition of PeopleSoft.