John Murrell

Recent Posts by John Murrell

Oracle Posts Strong Gains in Earnings, Revenue

Increased corporate spending in the last quarter helped lift business software giant Oracle past the Street’s expectations. Oracle reported net income of $1.35 billion, up 20 percent year over year, and earnings, excluding one-time items, of 42 cents a share. Revenue was $7.5 billion, an increase of 48 percent from the same period last year. Analysts had been expecting 37 cents a share on $7.27 billion revenue.