Oracleâs Quarterly Earnings Up 25 Percent
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The business software maker delivered a fiscal first-quarter performance that topped analyst expectations.
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Oracle Corp.  on Monday  posted a 21 percent rise in quarterly profit, helped by sales  of business software licenses to the customers of acquired  rivals like Siebel Systems and PeopleSoft.
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Broad and strong revenue growth drove Oracle Corp. to higher profit in the fourth quarter and the company's full 2007 fiscal year.
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Business software maker Oracle  Corp.  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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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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SAN FRANCISCO - Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, despite 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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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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Analysts were expecting Oracle earnings of 9 cents per share with revenue of $2.23 billion, according to Thomson First Call. New software license revenue came in at $563 billion, meeting
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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 Thursday  posted a higher quarterly profit, helped by  stronger-than-expected new software license revenue.
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Melding a hodgepodge of different software makers into a cohesive business is supposed to be difficult. But Oracle Corp. is making the task look easy as the Redwood Shores-based company churns out one impressive quarter after another, nearly three years into a $25-billion shopping spree that is yielding bigger dividends than many skeptical software analysts and executives anticipated.
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The economy may be sputtering, but Oracle Corp. is still hitting on all cylinders. Brushing aside worries about a possible slowdown in the technology sector, Oracle soared well beyond analyst expectations in its fiscal second quarter and raised hopes for a strong start in 2008 with an upbeat forecast.
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SAN FRANCISCO Shares of Oracle, the software maker, were up more than 7 percent in late trading Wednesday, a day after the company said its first-quarter earnings rose 16 percent on strong demand for its flagship database programs.
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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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SAN FRANCISCO Business software maker Oracle&#39;s quarterly earnings barely exceeded analyst expectations, despite sluggish sales.
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(InfoWorld) - Oracle reported another strong financial quarter on Monday, posting $4.2 billion in revenue for the second quarter of fiscal 2007, results that beat analysts estimates by 1 percent. However, there were signs in its software revenue results that the company's growth spurt on the strength of acquisitions of PeopleSoft and Siebel Systems could be coming to a halt. The company's revenue in the same period of last year was $3.39 billion. While Oracle's most recent quarterly revenue was slightly higher than the $4.15 billion analysts polled by Thomson Financial expected the vendor to earn, earnings per share, which were $0.22, met their expectations. Net income was $1.17 billion, a 20 percent growth over the $972 million reported in the same quarter of last year. Analysts were keeping a keen eye on software license revenue during the quarter, and results show that their concern that Oracle's revenue surge is the result of acquisitions, and not strength in its own core software business, could be valid. Oracle's software revenue, which was $3.21 billion, grew 19 percent year over year, coming in on the low end of the company's growth expectations of 19 percent to 21 percent. Moreover, new software license revenue for the quarter was $1.21 billion, an increase of only 14 percent over the same period last year when the company had predicted an increase of 15 percent to 20 percent. Software license update and product support revenue came in stronger, at $2.01 billion, an increase of 25 percent over the same period last year. Still, analysts likely will see Oracle's software license revenue results as a sign of weakness for the vendor. In a statement, Oracle maintained its customary bravado, attributing its results to strong sales in all three of its core software areas -- applications, middleware and database. A statement from Oracle President Charles Phillips on second quarter results made claims that Oracle continues to steal market share from rivals in these areas. On a conference call to discuss results on Monday, Oracle President and Chief Financial Officer Safra Catz acknowledged that Oracle missed its objective for software revenue growth in the quarter. She attributed this misstep to the company failing to execute on key deals that should have closed in the quarter but did not. She said to alleviate the execution problem going forward, Oracle will focus on letting salespeople work in the field rather than spend time engaged in sales meetings and other activities that don't lend themselves to deal-closing. "We think additional focus ... and better pipeline management should mean better results," Catz said. Overall, executives on the call seemed to have a lot of faith in Oracle's backlog of unfinished sales deals, which Catz said is very big, to contribute to Oracle's success in the remainder of 2007. Larry Ellison, Oracle's chief executive officer, noted that a good portion of the deals in the pipeline are wins in vertical markets where Oracle has not traditionally played. He said retail has been a key growth area for the company, claiming that eight of the 10 largest retailers in North America now use Oracle's retail applications, whereas only one uses rival SAP AG's. Ellison said growth in the retail sector will begin to have a noticeable effect on Oracle's software revenue. "Retail will actually move the needle," he said. Ellison also said Oracle plans to continue its "dual strategy" of growing the company through both internal development and acquisition, a comment that may hint the company is eyeing more purchases to build out its massive software and applications portfolio. Â
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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.