Oracle Not Selling As Well, But Better than Thought

Wednesday, Mar 18, 2009  |  Updated 3:45 PM PDT
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Oracle Not Selling As Well, But Better than Thought

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Planes for Team Oracle perform over Alcatraz Island during a practice session for San Francisco Fleet Week October 5, 2007. (Photo by Jed Jacobsohn/Getty Images)

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Oracle Corp. says its profit and the sale of new software licenses dipped in the latest quarter. But the results were better than Wall Street anticipated.

The Redwood Shores, Calif.-based company says it earned $1.33 billion, or 26 cents per share, versus $1.34 billion, also 26 cents per share, during the same period a year ago.

Excluding one-time charges, Oracle earned 35 cents per share. On that basis, analysts surveyed by Thomson Reuters expected 32 cents per share.

Total revenue was $5.45 billion, a 2 percent increase over last year. Analysts predicted $5.42 billion.

A closely watched number for Oracle is its sale of new software licenses.

New software license revenue fell 6 percent to $1.5 billion, which was within the company's guidance. Some analysts were projecting a far worse decline.

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