Oracle Q1 Revenue Jumps 48 Percent
Oracle's first-quarter revenue jumped 48 percent over the same period last year to US$7.5 billion, the company reported Thursday. Net income was up 20 percent to $1.4 billion.
New software license revenue, a key indicator of growth, jumped 25 percent to roughly $1.3 billion.
Hardware systems revenue, another keenly watched metric following Oracle's recent purchase of Sun Microsystems, was $1.69 billion. That figure represents a drop from the $1.83 billion in quarterly hardware revenue Oracle reported in June, but Oracle typically does a disproportionate amount of business in the fourth quarter.
Oracle is planning to discuss the results further during a conference call Thursday, which is also expected to feature former Hewlett-Packard CEO Mark Hurd in his first public appearance since being named Oracle's co-president on Sept. 7.
(More to follow.)
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com