Software Sales Sparks Upbeat Earnings Report From Oracle

September 2011
Channel Insider;9/21/2011, p1
The article offers information on the financial performance of Oracle Corp. for the first quarter of fiscal year 2012. It states that the company's total revenues for the period have increased by 12% to 8.4 billion dollars. Moreover, Oracle's net profit was up by 36% to 1.8 billion dollars while its first-quarter earnings amounted to 48 cents per share. However, it mentions that the hardware systems revenues of the company have decreased by 5% to 1.0 billion dollars.


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