Oracle closes successful Q4 and reflects on Fiscal Year 2007
Oracle reported strong revenue growth that aided higher profit margins for their 4th Quarter.
Oracle reported that their quarterly revenue rose 20% over last year to $5.8 billion and their net income increased 23% to $1.6 billion- makes me want to still own my Oracle stock back from my employee purchase days. Because of this news their earnings rose 27% to 31 cents per share.
The company claims database revenue from the new database plus middleware licenses, new application fees and services helped boost these number. Apparently they beat estimates by analysts who had expected a slightly shorter gain.
As Safra Catz put it -“It was a great year”.
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