| Oracle earnings meet
estimates Oracle earned $967 million during the second quarter,
an increase of 21 percent from the same quarter last year, the company
said today.
Revenue at the Redwood City software company rose 26 percent from
the year-ago quarter to $4.2 billion. Sales of new licenses for
its business application software increased 28 percent, but revenue
in the database and middleware group, which includes Oracle's core
product, was up just 9 percent during the quarter, which ended Nov.
30.
Oracle's non-GAAP net income of 22 cents per share equaled the
estimate of financial analysts surveyed by Thomson First Call.
Oracle shares rose 23 cents to $17.91 today, but had fallen 24
cents to $17.67 in after-hours trading as of 1:22 p.m.
|