See how Oracle spun its earnings with 14% revenue growth to 2.4B from 2.1 Billion, prior year. MSFT had 24% revenue growth with rev. deferral and 31% if added back.
Jacob, Sonki, Captain, INTCfan, Brian, t2, JH: I think it is all how you spin it.
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Database Sales Up 32%, Applications Sales Up 35% Operating Income Up 89%, Net Income Up 160% As Oracle becomes the Software Standard for Internet e-Business.
REDWOOD SHORES, Calif., March 14 /PRNewswire/ -- [http://www.oracle.com/tellmemore/?142674] Today, Oracle Corporation (Nasdaq: ORCL - news) announced that in its fiscal third quarter (Q3) adjusted net income increased 80% to $498 million, or $0.17 per share, while revenue grew to $2.4 billion. This compares to $2.1 billion in revenue, $277 million in adjusted net income, and $0.09 per share in Q3 last year.
Total net income, which includes $432 million of investment gains, increased to $763 million, or $0.25 per share for the quarter. The investment gains came from the sale of 11% of Oracle's holdings in Liberate Technologies -- Oracle's first network computer company spin-off. In Q3 last year, total net income was $293 million, or $0.10 per share.
Database software sales increased 32% to $778 million. Total applications software sales increased 35%, to $199 million, with sales of CRM applications growing at a 179% rate. Consulting, education and support revenues grew 10% to $1.4 billion.
``Oracle's database and e-Business applications have become the software standard for the Internet,' said Oracle CEO, Larry Ellison. ``All 10 of the world's biggest web sites use Oracle. 93% of the public dot com companies use Oracle. Now the leading companies in traditional industries -- Chevron, Ford, General Motors, Carrefour and Sears -- are choosing Oracle to move them to the Internet. The faster the Internet grows -- the faster we grow.' |
