View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 18, 1997updated 05 Sep 2016 12:04pm

ORACLE Q4, YEAR, ON THE MONEY BUT DISAPPOINT WALL STREET

By CBR Staff Writer

Ahead of next Tueday’s launch of Oracle8, Oracle Corp reported fourth-quarter net income that surged 35% to $360m, or $0.54 per share – exactly what Wall Street wanted. Meeting expectations isn’t enough anymore, however, and after the bell Oracle shares dropped $2 to $51.25. Revenue for the quarter grew 33% to $1.95bn. Overall license and related revenue rose 26% in the quarter with applications leading the way on a remarkable 78% growth rate. Geographically, North America saw 44% growth, Asia- Pacific grew 25% and Europe rose 20%. For the year, net income rose 36% to $821.5m, or $1.22 per share, on revenue up 35% at $5.68bn. Current-year figures include a third-quarter charge of $24m stemming from the Datalogix acquisition (CI No 3,116).

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU