Thursday, June 22, 2006
Oracle Profit Jumps to $1.3 Billion - Forbes.com
Oracle Profit Jumps to $1.3 Billion - Forbes.com: "Business software maker Oracle Corp. on Thursday said its fiscal fourth profit rose 27 percent on record revenue as sales surged across most of its business lines and geographic regions.
Net income for the three months ending May 31 rose to $1.3 billion, or 24 cents a share, compared with $1.02 billion, or 20 cents, in the same quarter of last year. Revenue grew 25 percent to $4.85 billion from $3.88 billion. The results were largely in line with estimates issued last week, when the Redwood Shores-based company said it expected to beat an earlier financial forecast. "
Net income for the three months ending May 31 rose to $1.3 billion, or 24 cents a share, compared with $1.02 billion, or 20 cents, in the same quarter of last year. Revenue grew 25 percent to $4.85 billion from $3.88 billion. The results were largely in line with estimates issued last week, when the Redwood Shores-based company said it expected to beat an earlier financial forecast. "
