Wednesday, March 22, 2006

Oracle announces impressive Q3 profits for 2006

According to the press statement:

Oracle Corporation today announced that in Q3 fiscal 2006 GAAP earnings per share were $0.14, up 40% compared to the same quarter last year. Third quarter GAAP revenues were up 18% to $3.5 billion, while quarterly GAAP net income was up 42% to $765 million. Total GAAP software revenues were up 20% to $2.8 billion with GAAP database and middleware new license revenues up 5% and GAAP applications new license revenues up 77%. GAAP services revenues were up 9% to $671 million compared to the same quarter last year.

Some other interesting related press releases:

Strategic Deals Drive Growth For Oracle During Its Third Quarter of 2006 – Oracle’s Commitment to Strong, Strategic Customer Relationships Continues to Contribute to The Company’s Growth.

Leading Organizations Worldwide Continue to Choose Oracle Applications over SAP – Small, Midsize and Large Organizations across Industries Invest in Oracle to Achieve Greater Business Insight and Flexible Business Processes.

Oracle Europe, Middle East & Africa Reports Increased Revenues For the Third Quarter of Fiscal Year 2006, Over Same Period Last Year – Customers in the region endorse Oracle products and services over that of competitors as applications new license revenues increase by 119%