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Wednesday, June 25, 2008
Oracle 4Q Earnings Beat Analyst Expectations
FOXBusiness
Database and software company, Oracle Corp. beat analyst expectations when it reported its fiscal fourth quarter adjusted earnings of 47 cents per share on $7.2 billion in revenue, Wednesday after the closing bell.
That’s an increase of 27% in earnings per share from the same period one-year ago
Analysts were expecting the California-based company to post profit of 44 cents per share on revenue of $6.86 billion, according to Thomson Reuters.
In April Oracle’s (ORCL) completed its purchase of BEA Systems Inc., a smaller rival, for $8.5 billion. The merger diversified the company’s software products. The company has spent more than $35 billion acquiring smaller rivals in recent years.
Shares of Oracle were up 1% in after-hours trading.
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