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%.
BEA accounted for $93 million in new software revenue during the quarter, a result that “exceeded our expectations significantly,” said Oracle Co-President Safra Catz, who credited pent-up demand following the acquisition for the strong BEA revenue.