Oracle posts 35% rise in quarterly profit
Oracle Corp, the largest maker of database software, posted a 35 percent rise in quarterly profit on strong new software sales.(File Photo)
Photo Gallery>>>
Shares of Oracle rose 5.8 percent after the results on Wednesday and some analysts said the world's No. 2 software maker had a strong portfolio of products that would help shield it from a slowdown in the U.S. economy.
California-based Oracle said net income for its fiscal second-quarter ended Nov. 30 rose 35 percent to 1.3 billion U.S. dollars, or 25 cents per share, from 967 million, or 18 cents a share, a year earlier.
Profit excluding items was 31 cents per share, beating the average analyst forecast for 27 cents, according to Reuters Estimates. Revenue climbed 28 percent to 5.3 billion, above the average forecast of 5.04 billion.
"We were thinking a penny or two beat would be a good quarter. This was a great quarter," said Goldman Sachs analyst Sarah Friar. "They are taking share away from the small guys. They are doing a great job of cross-selling from their install base."
Oracle said new software sales rose 38 percent to 1.7 billion, led by a 63 percent increase in business management applications. Database and middleware sales rose 28 percent.
Oracle's growth has accelerated over the past few years as it built on an acquisition binge, snapping up smaller software makers. In addition to acquiring new customers and boosting revenue, Chief Executive Larry Ellison said the deals have helped boost sales of existing products.
(Agencies)
猜你喜欢
-
- 03-092018年考研英语暑期复习关注四方面
- 04-08absolutely的解释含义及用法例句
- 04-08新托福考试综合写作真题范例详细解析13(听力材料)
- 04-08考研英语美文赏读(3):人民币“入蓝”,软妹币的“第一次”
- 04-08Commissioner Nazareth announces intention to leave U.S. SEC
- 03-092018考研英语:玩转考研英语词根
- 03-082012考研英语辅导翻译解析思路及解题步骤
- 04-082013年大学英语六级考试作文必背佳句(5)
- 04-08真人实战经验传授考研英语高分必杀技
- 04-08英语六级考试翻译策略介绍及例句解析:词性转换