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Posted Jun 30, 2005

New Software Licenses Power Oracle Profit

By Staff


Rising database sales were the bread and butter behind Oracle's fiscal fourth quarter profit, but the PeopleSoft division also played a key role in the company's results.

Net income for the quarter ending May 31 was $1.02 billion, or 20 cents per share, a 32 percent increase over the year-ago period. Total revenues were $3.88 billion, up 26 percent over the $3.08 billion it took in last year, while it was still chasing the hostile bid for enterprise software provider PeopleSoft.

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