Friday, September 12, 2003
Oracle reported net income of $440 million, or 8 cents per share, on revenue of $2.07 billion in its fiscal first quarter. An increase of 28% compares with $342.7 million in net income, or 6 cents per share, on revenue of $2.03 billion in the year-ago quarter. The earnings matched projections from a consensus of analysts surveyed by First Call.
Oracle reported that software license sales were down 7 percent to $525 million in its first quarter, while software license renewals and support contracts sales rose by 14 percent to $1 million. First-quarter operating margin was 30 percent versus 29 percent last year, the company said.
Meta Group analyst John Van Decker said Oracle made a "big push" to hit sales numbers during its fiscal fourth quarter, but warned that the shortfall in new licenses in the first quarter could indicate that a recovery in overall IT spending remains elusive.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
