Oracle Q4 Net Income Rises 36 Percent

From PC World: Oracle's net income for the fourth quarter ended May 31 rose 36 percent to US$3.2 billion over the same period last year, results that reflect growth in software sales but a slight dip in hardware revenue, the company reported Thursday. Total revenue for the quarter grew 13 percent to $10.8 billion.

New software license sales, which are considered a key indicator of growth and customers' attitude toward IT spending, rose 19 percent to $3.7 billion.

Hardware systems products revenue fell 6 percent to $1.2 billion.

For the full year, net income jumped 39 percent to $8.5 billion on $35.6 billion in revenue, a rise of 33 percent.

The new software license growth in the fourth quarter occurred "with almost no help from acquisitions," Oracle President and CFO Safra Catz said in a statement.

The vendor moved into hardware with the acquisition of Sun Microsystems. It has rolled out systems such as the Exadata data-processing machine, which combine hardware and specialized software.

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