By Jonathan Skillings, 26 June 2008 16:54
NEWS
Software licensing drove a healthy increase in revenue for Oracle during its fourth quarter.
For the quarter, which ended 31 May, the enterprise software giant reported revenue of $7.24bn, up 24 per cent from the same period a year earlier. During that three-month period, revenue from new software licences rose 27 per cent to $3.14bn, and revenue from software licence updates and product support rose 25 per cent to $2.83bn.
Revenue from services was also on the increase, though not by quite as much. It was up 18 per cent, to $1.26bn.
Oracle said its net income for May quarter was $2.04bn, or 39 cents per diluted share, a jump of 27 per cent.
In April, Oracle completed its $6.7bn acquisition of BEA Systems.
In May, Forbes reported that Oracle CEO Larry Ellison was the best-remunerated executive in the tech sector - and overall - with a total 2007 compensation package valued at $192.9m.
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