Summary Box: Oracle's net income rises 36 pct

AP News
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Posted: Sep 20, 2011 7:02 PM
Summary Box: Oracle's net income rises 36 pct

TUGGED IN TWO DIRECTIONS: Stronger spending on business software helped Oracle Corp.'s quarterly profit jump 36 percent. But the server business declined, which Oracle attributed to the fact it is shedding lower-margin deals.

THE NUMBERS: Net income rose to $1.84 billion, or 36 cents per share. Revenue rose 12 percent to $8.37 billion. The figures topped Wall Street forecasts.

DIGGING DEEPER: Importantly to investors, revenue from new software licenses rose 17 percent to $1.5 billion, which was the top end of the range Oracle had predicted.