Oracle profit rises, forecast beats Wall Street view
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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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US software company Oracle reports a jump in profits after acquisitions boosted its sales of business products.
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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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Stocks rose on Thursday after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc  helped to lift the technology sector.
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Oracle Corp.  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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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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PeopleSoft Inc. posted a third-quarter profit and said sales beat analysts&#39; estimates, a turnaround that may encourage Oracle Corp.
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U.S. stock futures indicated a higher   opening on Wall Street on Wednesday on optimism the Federal   Reserve will leave interest rates unchanged and after software   maker Oracle Corp. ORCL.O reported quarterly profit that   topped forecasts.
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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 Corp. ORCL.O, the  world's second biggest 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.
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PeopleSoft Inc.  on Thursday returned to profit in the third quarter from a year earlier with a 12 percent rise in sales that upended market fears that Oracle Corp.'s takeover bid had damaged PeopleSoft's business in the quarter.
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U.S. stocks rose on Wednesday, with   the Nasdaq rallying more than 1 percent, after solid earnings   reports from software maker Oracle Corp. ORCL.O and   investment bank Morgan Stanley. MS.N
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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: Quote, Profile, Research) on Tuesday reported a 16 percent rise in quarterly net income as the world&#39;s second largest software company benefited
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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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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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(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.)