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by Jeff Moad, MA Editorial Staff Posted on Thursday, December 20, 2007 4:56:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Propelled by strong new license growth in both applications and database/middleware sales, Oracle turns in year-over-year revenue growth of nearly 30%; says a "friendly" deal to buy BEA is not possible. |
| Keywords: | Oracle second quarter, Oracle financials |
Oracle Corp. yesterday reported strong revenue and earnings results for its most recent quarter, led by impressive growth in both its applications and middleware software businesses. At the same time, in remarks to financial analysts, Oracle officials said they have concluded that the company will not be able to pull off its previously announced friendly take-over of middleware software vendor BEA Systems. In its second fiscal quarter, ended Nov. 30, Oracle saw total revenue rise 28% to $5.3 billion . The company's net income, meanwhile, grew by 35% to $1.3 billion compared to $967 million in the same period a year ago. [Click to continue] |
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