SAN FRANCISCO (AP) - Oracle Corp. says its profit and the sale of new software licenses dipped in the latest quarter. But the results were better than Wall Street anticipated.
The Redwood Shores, Calif.-based company says it earned $1.33 billion, or 26 cents per share, versus $1.34 billion, also 26 cents per share, during the same period a year ago.
Excluding one-time charges, Oracle earned 35 cents per share. On that basis, analysts surveyed by Thomson Reuters expected 32 cents per share.
Total revenue was $5.45 billion, a 2 percent increase over last year. Analysts predicted $5.42 billion.
A closely watched number for Oracle is its sale of new software licenses.
New software license revenue fell 6 percent to $1.5 billion, which was within the company’s guidance. Some analysts were projecting a far worse decline.