Oracle Shatters 1Q Estimates
September 21, 2007[From internetnews.com]
Oracle easily hurdled even the most optimistic analysts' estimates in its first quarter, posting a profit of $840 million, or 16 cents a share, on sales of $4.53 billion.
More important to investorsand disturbing to competitors like SAPwas the 35 percent increase in new software license sales, which CFO Safra Catz called "the strongest growth of any quarter in 10 years." That figure includes new licenses for both its core database software applications and its rapidly expanding portfolio of business applications that compete with SAP, Microsoft and IBM.
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