Oracle earnings up

By : |September 16, 1999 0

Oracle Corp. the database
software maker said its fiscal first-quarter ended August 31 net income
rose 21 per cent, surged by higher sales to companies trying to power
electronic commerce over the Internet.

Net income rose to $237 million or 16 cents a share
in the quarter ended August 31, from $ 195 million or 13 cents, a year
earlier. Revenue rose 13 per cent to $ 2 billion from $ 1.7 billion a year
earlier. Oracle had a blow out quarter earlier this year, reporting a
profit growth of 31 per cent and a 22 per cent jump in sales for the
period ended in May.

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