Menu
Oracle Q1 revenue jumps 48 percent

Oracle Q1 revenue jumps 48 percent

Oracle's first-quarter revenue jumped 48 percent over the same period last year to US$7.5 billion, the company reported Thursday. Net income was up 20 percent to $1.4 billion.

New software license revenue, a key indicator of growth, jumped 25 percent to roughly $1.3 billion.

Hardware systems revenue, another keenly watched metric following Oracle's recent purchase of Sun Microsystems, was $1.69 billion. That figure represents a drop from the $1.83 billion in quarterly hardware revenue Oracle reported in June, but Oracle typically does a disproportionate amount of business in the fourth quarter.

Oracle is planning to discuss the results further during a conference call Thursday, which is also expected to feature former Hewlett-Packard CEO Mark Hurd in his first public appearance since being named Oracle's co-president on September 7.


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.

Tags Oracleinternational news

Featured

Slideshows

Show Comments