Oracle Q4 net up 35% to $3.2 billion

 In the year-ago period, Oracle had a net income of $2.38 billion, according to the company. Total revenues for the fourth quarter increased to $10.8 billion from $9.5 billion in the previous year quarter, representing a growth of 13 per cent. New software license sales grew by 19 per cent to $3.7 billion.

“In Q4, we achieved a 19 per cent new software license growth rate with almost no help from acquisitions,” Oracle President and CFO Safra Catz said. However, Oracle, maker of database software, may not be benefiting as much as predicted from its acquisition of Sun Microsystems Inc as sales of hardware products declined 6 per cent to $1.16 billion.

The software firm has also tried to improve the unit’s profitability by discontinuing sales of less expensive products and emphasising its high-performance Exadata and Exalogic computer servers.

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