Menu
Oracle earnings jump 15 percent in Q2

Oracle earnings jump 15 percent in Q2

Company President Safra Catz expresses confidence that EU will approve Sun acquisition

Oracle on Thursday reported second-quarter earnings of $0.29 per share, a rise of 15 percent over the same period last year. Total revenues rose 4 percent to $5.9 billion and net income jumped 12 percent to $1.5 billion.

New software license revenues, a key indicator of growth and stability, were up 2 percent to $1.7 billion.

Excluding special charges, earnings per share rose 15 percent to $0.39 on revenues of $5.9 billion, beating estimates from analysts polled by Thomson Reuters, who had on average predicted earnings of $0.36 per share on revenues of $5.7 billion.

The company also expects European regulators "to unconditionally clear" its acquisition of Sun Microsystems in January, Oracle President Safra Catz said in a statement. The deal has been on hold while the European Union conducts an antitrust review.

Sun will quickly improve its market share and financial performance once the merger closes, Oracle CEO Larry Ellison said in another statement.

(More to follow)


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

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

This exclusive Reseller News Exchange, in association with Arrow ECS ANZ, ForeScout and StorageCraft, went on the road to debate the early implications of GDPR in New Zealand, extracting opportunities while evaluating challenges for the channel in the year ahead.

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington
Show Comments