Oracle's first-quarter revenue jumped 48 percent over the same period last year to $US7.5 billion, the company reported Thursday. Net income was up 20 per cent to $1.4 billion.
New software license revenue, a key indicator of growth, jumped 25 per cent to roughly $US1.3 billion.
Hardware systems revenue, another keenly watched metric following Oracle's recent purchase of Sun Microsystems, was $US1.69 billion. That figure represents a drop from the $1.83 billion in quarterly hardware revenue Oracle reported in June, but Oracle typically does a disproportionate amount of business in the fourth quarter.
Oracle is planning to discuss the results further during a conference call Thursday, which is also expected to feature former Hewlett-Packard CEO Mark Hurd in his first public appearance since being named Oracle's co-president on 7 September.
(More to follow.)
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.