"Oracle Corp.'s (ORCL) fiscal third-quarter profit rose 18% as the strength of new license revenue offset weaker hardware sales and eased investor fears of corporate technology spending weakening.UPDATE: Oracle 3Q Profit Climbs 18% On Growth From New Licenses - WSJ.com
The technology bellwether reported quarterly earnings per share of 49 cents, beating analysts' expectations by five cents. The business-software heavyweight said it was on track to deliver the highest operating margins in its history this year and it had turned around its weak performance last fall.
"All we really needed to do was focus on our execution and we did that," Chief Financial Officer Safra Catz on the company's earnings call."
Wednesday, March 21, 2012
UPDATE: Oracle 3Q Profit Climbs 18% On Growth From New Licenses - WSJ.com
A solid quarter for Oracle