Oracle Q4 earnings rise 35% to $360m

A week before it begins a new product cycle with the release of version 8 of its flagship database software, Oracle has announced a 35% increase in fourth-quarter earnings which were US$360 million, or 54 cents per share, on revenues of $1.948 billion.

Oracle has announced a 35 percent increase in fourth-quarter earnings which were US$360 million, or 54 cents per share, on revenues of $1.948 billion.

The results for the period that ended May 31, compare to income of $266 million, or 40 cents per share, on revenues of $1.46 billion for the same period a year ago.

For the entire fiscal year, earnings rose 33 percent to $845 million, or $1.26 per share, on revenues of $5.68 billion. These figures do not include a $24 million after-tax charge in Oracle's third quarter for the purchase of in-process research and development from Datalogix Inc.

For fiscal 1996, earnings were $636 million, or 95 cents per share, on revenues of $4.22 billion.

Sales in the fourth quarter grew by 26% over a year ago, with applications licensing growing 78%.

Worldwide, Oracle Americas reported the greatest geographic revenue growth, up 44 %t, followed by Asia/Pacific, which was up 25%, and Europe, Middle East and Africa, which was up 20%.

"Looking ahead, we have one strategic intent - Network Computing - and we have one architecture - NCA, Oracle's Network Computing Architecture," said President and COO Raymond Lane in a statement. "In fiscal year 1998, we will be filling out the technological components beginning with Oracle8, the Oracle Applications Server, our Web Developer Suite, Web Applications and the NC."

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

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