Oracle's fiscal fourth-quarter results are set to top expectations, led by a surge in revenue from new software licenses, the company said Thursday.
Preliminary results for the company's fourth quarter showed a 32-percent increase in new license revenue, to US$2.1 billion. The company's previous guidance had predicted a rise of 8 percent to 18 percent. Oracle's license revenue from applications grew 83 percent during the quarter, pushed higher by its acquisitions of Siebel Systems and Retek.
Excluding applications acquired through recent acquisitions, Oracle's revenue from applications rose 56 percent. Database revenue, the company's bread and butter, rose 18 percent during the quarter.
The increase in new license revenue pushed the company's revenue up 25 percent, to US$4.9 billion during the quarter. That also topped the company's earlier guidance, set at growth of 12 percent to 17 percent.
Oracle's preliminary results pushed the company's stock higher by nearly 7 percent in after-hours trading. The company will announce its fourth-quarter results on June 22.