Oracle Profit Jumps by 28% as per First Quarter Report
Saturday, September 20th, 2008Oracle Corp (ORCL.O) posted 28% boost of first quarter profit in this current financial year. The news makes the share up by 6% at Electronics Trading. The company also reported 14% rise of sales of new software licenses in the first quarter. The net income of Oracle rose to $1.1 billion, or 21 cents per share, in its fiscal first quarter ended Aug. 31, from $840 million, or 16 cents, a year earlier. The profit per share stands at 29 cent.
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