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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.

 

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