Oracle Japan H1 parent profit jumps 62% on IT boom
TOKYO, Jan 15 (Reuters) - Software house Oracle Corp Japan
<4716.T> said on Monday its six-month parent profit to November
30 jumped 62 percent from a year earlier, aided by Japanese
companies' feverish spending on information technology.
The Japanese unit of U.S. business software giant Oracle Corp
<ORCL.O> posted a parent-only current profit, which is pretax and
includes extraordinary items, of 13.73 billion yen ($115.9
million) for the first half of its 2000/01 business year, up from
8.48 billion yen a year ago.
The strong result was in line with the company's projection
issued in December, when it sharply raised its forecast in
response to faster-than-expected growth in e-business in Japan.
The company forecast a parent current profit of 28.53 billion
yen for the full year to May 31.
Shares in Oracle Corp Japan jumped by the daily limit of
2,000 yen or 10.96 percent on the Tokyo Stock Exchange on Monday,
closing at 20,250 yen while the benchmark Nikkei share average
<.N225> posted modest gains of 1.19 percent. The business results
were announced after the market closed.
Despite Monday's gains the shares have struggled in recent
months, after falling to a fraction of their peak hit last spring
during the height of a bubble in many Japanese Internet-related
share prices.
((Tokyo newsroom +81 3 3432-8595
tokyo.equities.newsroom@reuters.com))
($1=118.46 Yen)
REUTERS |
