“Oracle Corp. on Tuesday reported a 36% jump in profit in its fiscal first quarter, aided by strong gains in new software license sales,” Benjamin Pimentel reports for MarketWatch.
“Oracle reported a profit of $1.84 billion, or 36 cents a share, compared with a profit of $1.35 billion, or 27 cents a share, for the year-earlier period,” Pimentel reports. “Revenue was $8.37 billion, up from $7.5 billion. Adjusted income was 48 cents a share.”
“Analysts had expected the Redwood City, Calif.-based company to report earnings of 47 cents a share, on revenue of $8.36 billion, according to a consensus survey by FactSet Research,” Pimentel reports. “The company’s new software license sales rose 17%, Oracle co-President Safra Catz said in a release.”
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