Thursday, June 26, 2008

Strong Sales of Software Lift Oracle’s Net Income - NYTimes.com

Relentless...

The company said that revenue climbed 24 percent to $7.2 billion, from $5.8 billion in the quarter a year ago. Sales of new software licenses rose 27 percent to $3.1 billion, from $2.5 billion. Oracle’s growth improved in the United States, with new license sales rising 22 percent.

[...]

Oracle has spent $35 billion buying rivals during the last four years in an effort to broaden the range of industries it can sell to. The strategy has been largely successful as corporate buyers increasingly look to buy multiple components from the same vendor.

Strong Sales of Software Lift Oracle’s Net Income - NYTimes.com

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