Oracle Q1 net up 36% at $1.8 b

Oracle Q1 net up 36% at $1.8 b

In the year-ago period, it had registered a net income of US$1.35 billion.

The total revenues were up 12 per cent vis-a-vis the year-ago period to US$8.4 billion in the quarter under review. Oracle’s new software licence revenues were up 17 per cent to US$1.5 billion, while hardware systems products revenues were down 5 per cent to US$1 billion.

The company said its earnings per share stood at 36 cents in the first quarter of FY’12, up 34 per cent compared to last year.