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!

Error: Please check your email address.

Featured

Slideshows

Channel celebrates as HP marks 50 years in NZ

Channel celebrates as HP marks 50 years in NZ

HP marked 50 years in New Zealand at an event in the vendor's Auckland's headquarters last night, with a host of key channel figures coming along to celebrate. Photos by HP.

Channel celebrates as HP marks 50 years in NZ
EDGE 2017 - Icebreaker Sessions round 2

EDGE 2017 - Icebreaker Sessions round 2

EDGE guests experience the value of networking at the second round of Icebreaker sessions.. Photos by Maria Stefina

EDGE 2017 - Icebreaker Sessions round 2
Show Comments