Oracle Q1 Earnings Rise on Software Licenses

The first quarter was kind to Oracle, with new software licenses and an expanding hardware business combining to lift the database giant’s earnings 38 percent ahead of last year.

The earnings come amid the ongoing integration of Sun Microsystems and fresh on the heels of the hiring of former HP CEO Mark Hurd. Next week at the Oracle OpenWorld event, Hurd said the company plans to release two new “high-end systems” that will pair Sun hardware with Oracle software. eCRM Guide has the story.

Database giant Oracle (NASDAQ: ORCL) reported a big first quarter today, including a 38 percent rise in earnings to $2.1 billion or $.0.42 per share, easily topping analysts’ estimates of $0.37 per share.

Total first-quarter revenue grew 48 percent to $7.5 billion on a GAAP basis, while non-GAAP revenues ballooned 50 percent, reaching $7.6 billion.

Read the full story at eCRM Guide:

Oracle’s Earnings Growth Powered by New Software Licenses

News Around the Web