Oracle on Wednesday reported first-quarter net income rose by 4 percent year-over-year to US$1.1 billion, but revenue fell by 5 percent to $5.1 billion. Earnings per share were $0.22.
Excluding one-time charges, Oracle reported earnings per share of $0.30 and $5.1 billion in revenue, partly meeting the expectations of analysts polled by Thomson Reuters, who had on average predicted earnings of $0.30 per share and $5.25 billion in revenue.
New software license sales fell 17 percent year over year to $1 billion, indicating that customers are still reluctant to make new software investments amid the global recession.
More: http://pcworld.com/article/172119/
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Excluding one-time charges, Oracle reported earnings per share of $0.30 and $5.1 billion in revenue, partly meeting the expectations of analysts polled by Thomson Reuters, who had on average predicted earnings of $0.30 per share and $5.25 billion in revenue.
New software license sales fell 17 percent year over year to $1 billion, indicating that customers are still reluctant to make new software investments amid the global recession.
More: http://pcworld.com/article/172119/
