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by Jeff Moad, MA Editorial Staff
Posted on Thursday, June 26, 2008 4:49:23 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The enterprise applications and database giant turns in glowing numbers to close fiscal 2008, but says the moribund economy will crimp its first-quarter’09 performance. |
| Keywords: | Oracle earnings, Oracle Q4 |
A rebound in its applications business and stronger-than-expected sales from recently acquired BEA Systems helped Oracle Corp. defy the weak economy and post healthy results in its fourth fiscal quarter.
The database and applications company, however, yesterday cautioned that economic uncertainty might slow growth in the current quarter.
For its fourth fiscal quarter, ended May 31, Oracle reported that overall revenue grew to $7.2 billion, a jump of 24% over the same quarter a year ago. Revenue from new software licenses was up 27%, while revenue from maintenance and product support rose 25%. The company reported fourth-quarter net income of $2 billion, up 27%.
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