Oracle sees solid growth for its fourth quarter
The enterprise software maker reports revenue of $7.24 billion, boosted by a strong performance in software licensing.
Software licensing drove a healthy increase in revenue for Oracle during its fourth quarter.
For the quarter, which ended May 31, the enterprise software giant reported revenue of $7.24 billion, up 24 percent from the same period a year earlier. During that three-month period, revenue from new software licenses rose 27 percent to $3.14 billion, and revenue from software license updates and product support rose 25 percent to $2.83 billion.
Revenue from services also was on the increase, though not by quite as much. It was up 18 percent, to $1.26 billion.
Oracle said that its net income for May quarter was $2.04 billion, or 39 cents per diluted share, a jump of 27 percent.
In April, Oracle completed its.
In May, Forbes reported thatwas the best-remunerated executive in the tech sector--and overall--with a total 2007 compensation package valued at $192.9 million.