Oracle first quarter revenues top $US1.37 Billion

Oracle has announced a first quarter revenue jump of 30% to US$1.37 billion, up from $1.05 billion for the same period last year. Net income for the quarter, excluding charges for current quarter acquisitions, increased 33% to $149 million, or $0.15 per share, compared with net income of $113 million, or $0.11 per share for the first quarter last year, Oracle officials said. Counting the one-time charges, net income for the quarter was $40.5 million, or $0.04 per share, officials said.

Oracle has announced a first quarter revenue jump of 30% to US$1.37 billion, up from $1.05 billion for the same period last year.

Net income for the quarter, excluding charges for current quarter acquisitions, increased 33% to $149 million, or $0.15 per share, compared with net income of $113 million, or $0.11 per share for the first quarter last year, Oracle officials said. Counting the one-time charges, net income for the quarter was $40.5 million, or $0.04 per share, officials said.

Officials for the database software and tool maker singled out applications license revenue and services revenue as especially profitable during the quarter. Oracle Services, which includes support, consulting and education, grew 42% during the quarter, they said.

Oracle, based in Redwood Shores, California, can be reached on the Web at http://www.oracle.com/.

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