Oracle fiscal 3Q net income rises 2 pct

Mar 18, 2014

Oracle said Tuesday its fiscal third-quarter net income rose 2 percent, helped by higher cloud software subscription revenue, but investors wanted more growth and the company's stock fell in late trading.

For the three months through Feb. 28, the business software maker earned $2.57 billion, or 56 cents per share, up from $2.5 billion, or 52 cents per share, in the same quarter the year before. Excluding one-time items, the company posted an adjusted profit of 68 cents per share.

Revenue rose 4 percent, to $9.31 billion from $8.96 billion.

Analysts polled by FactSet expected a profit of 70 cents per share on $9.36 billion in revenue.

Revenue from new and cloud software subscriptions increased 4 percent to $2.42 billion, as bookings for the company's cloud applications jumped more than 60 percent. Revenue from license updates and product support rose 5 percent to $4.56 billion.

Shares of Redwood Shores, California-based Oracle Corp. fell $1.70, or 4.4 percent, to $37.14 in aftermarket trading. The stock has gained 7.8 percent over the past 12 months.

Explore further: Oracle fiscal 2Q net income falls slightly (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Oracle fiscal 2Q net income falls slightly (Update)

Dec 18, 2013

Oracle's fiscal second-quarter net income edged down slightly, hurt by flat revenue from new software licenses and cloud software subscriptions, but still managed to beat Wall Street predictions.

AT&T posts 4Q profit, higher revenue

Jan 28, 2014

AT&T is posting stronger-than-expected earnings for the final quarter of 2013, helped by higher revenue from mobile and Internet service subscribers.

Intel 4Q net income rises 6 pct (Update)

Jan 16, 2014

Intel's fourth-quarter net income rose 6 percent, as the company offset flat demand for its personal computer chips with higher sales of other products.

News Corp fiscal 2Q earns top expectations

Feb 06, 2014

News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting slower advertising sales.

Oracle's profit tops Street, but worries surface

Jun 23, 2011

(AP) -- Oracle Corp.'s latest quarterly results Thursday underscore the critical role its software business plays despite its push to become a more well-rounded technology vendor by selling computer servers.

Recommended for you

Vivendi, Telefonica in talks over Brazil business (Update)

6 hours ago

French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised ...

Hackerspaces used to turn ideas turn into reality

Aug 27, 2014

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

User comments : 0