Software sales raise Oracle revenue in fiscal Q1
Results driven by successful integration of PeopleSoft
Recommend ThisOracle reported another strong quarter Thursday, with first-quarter 2006 results driven by software sales and the successful integration of PeopleSoft into the organization, the company said.
Revenue for the period, which ended Aug. 31, came in at $2.77 billion, up 25 percent from a year earlier. Software sales grew 23 percent to $2.13 billion.
Net income for the quarter was $519 million, up 2 percent from a year earlier. Earnings per share were flat year-over-year at $0.10 per share.
The above figures are according to generally accepted accounting principles, or GAAP. Oracle's non-GAAP earnings, which excluded certain items, grew 38 percent to $0.14 per share, the company said. That matched the consensus estimate of analysts polled by Thomson First Call.
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