Oracle Shatters 1Q Estimates

Friday Sep 21st 2007 by Staff

Another blockbuster earnings report ratchets up the pressure on arch-rival SAP.


Oracle easily hurdled even the most optimistic analysts' estimates in its first quarter, posting a profit of $840 million, or 16 cents a share, on sales of $4.53 billion.

More important to investors—and disturbing to competitors like SAP—was the 35 percent increase in new software license sales, which CFO Safra Catz called "the strongest growth of any quarter in 10 years." That figure includes new licenses for both its core database software applications and its rapidly expanding portfolio of business applications that compete with SAP, Microsoft and IBM.

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