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by Jeff Moad, MA Editorial Staff
Posted on Friday, September 21, 2007 5:09:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | Furthering its quest to improve its position in the applications, middleware, and database markets, the company reports improved new license sales in each category in Q1. |
| Keywords: | Oracle's Q1, Oracle Q1 |
Benefiting from strong growth in its applications and middleware businesses, Oracle Corp. yesterday said its revenue and earnings soared in the first fiscal quarter, ended Aug. 31. Overall, Oracle reported revenue of $4.5 billion for the quarter, up 26% compared with the first quarter of fiscal 2007. Oracle's net income for the quarter, $840 million, represented an increase of 25% over the $670 million logged in the year-earlier period. "It was an all-around spectacular quarter for us," Oracle Chairman and CEO Larry Ellison told financial analysts during a conference call. "We are very pleased." [Click to continue]  |
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