- The Washington Times - Wednesday, March 18, 2009

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.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide