Oracle released its fiscal third-quarter earnings Tuesday, coming out ahead of Wall Street expectations in regard to profits and new license sales. The database software maker saw revenue rise 2.2 percent from a year ago, going from $8.81 billion to $9.04 billion. It posted adjusted earnings at 62 cents per share, up from 54 cents one year before. The company was especially bolstered by new license sales, which are typically viewed as a good indicator of long-term strength. Oracle’s new software license revenues rose 7 percent to $2.37 billion.
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Oracle Wows Wall St. as New Licenses Roll In
Posted by: Rachelle Dragani March 21, 2012 10:49 AMOracle released its fiscal third-quarter earnings Tuesday, coming out ahead of Wall Street expectations in regard to profits and new license sales. The database software maker saw revenue rise 2.2 percent from a year ago, going from $8.81 billion to $9.04 billion. It posted adjusted earnings at 62 cents per share, up from 54 cents one year before. The company was especially bolstered by new license sales, which are typically viewed as a good indicator of long-term strength. Oracle’s new software license revenues rose 7 percent to $2.37 billion.