Menu
Oracle's profits up on license sales

Oracle's profits up on license sales

Oracle saw its profits rise on sales of $3.5 billion during its most recent quarter.

Led by growth in its sales of software license updates and product support, Oracle's quarterly profit rose more than 40 percent year-over-year, during its most recent financial period, the company reported Monday.

With earnings per share of US$0.14, the company reported net income of US$765 million for its third quarter of fiscal 2006, which ended Feb. 28. Excluding certain special items, net income was US$1 billion, or US$0.19 per share, up more than 20 percent from the previous year.

Total revenue for the quarter came to US$3.5 billion, up 14 percent from the previous year.

Oracle's quarterly results were slightly ahead of analyst expectations of US$0.18 per share, excluding special charges, on revenue of US$3.5 billion.

Oracle sales jumped as it completed a string of high-profile acquisitions, including the purchases of PeopleSoft and Siebel Systems.

Software revenue was up 16 percent compared to the previous quarter, with software license updates and product support accounting for US$1.8 billion of the company's US$2.9 billion in software income.

The company also reported that European new license revenue grew by more than 100 percent year-over-year. Overall, new license revenue was up by 16 percent, totalling US$1.1 billion for the quarter.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments