TMCnet News
Oracle preliminary results show 27% growth in 4Q06(BNamericas.com Via Thomson Dialog NewsEdge) US database solutions provider Oracle's (Nasdaq: ORCL) fourth quarter revenue and net profit exceeded forecasts on rising sales of database licenses, the company said in a statement. Net profit grow 27% year-over-year in the fourth fiscal quarter, ended May 31, to reach US$1.3bn. Total revenues for the period increased 25% to US$4.85bn, compared to US$3.88bn in the year-ago period exceeding previous guidance of 13% to 17% growth. New software license revenues increased 32% to US$2.12bn, exceeding previous guidance of 8-18% growth. Database technology license revenues grew 18%, while applications license revenues increased 83%. Organic applications license revenues, which exclude the Siebel and Retek acquisitions, increased 56%. Oracle will announce final results on June 22. |