Thursday, September 20, 2007

Oracle’s Profit for Quarter Is Up 25% - New York Times

Impressive... 

Oracle reported a 25 percent rise in its fiscal first-quarter profit Thursday, helped by higher-than-expected sales of new software.

The company’s revenue and earnings per share excluding special items exceeded Wall Street expectations.

“We continue to take applications market share from SAP,” Oracle’s president, Charles E. Phillips Jr., said in a statement, referring to the German maker of business software that is one of its main rivals.

Oracle’s Profit for Quarter Is Up 25% - New York Times

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