{"id":473168,"date":"2010-03-25T16:17:00","date_gmt":"2010-03-25T20:17:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/oracle-beats-the-street-2010-3"},"modified":"2010-03-25T16:17:00","modified_gmt":"2010-03-25T20:17:00","slug":"yawn-oracle-barely-beats-the-street-orcl","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/473168","title":{"rendered":"Yawn: Oracle Barely Beats The Street (ORCL)"},"content":{"rendered":"

\"larryellison<\/p>\n

From JORDAN ROBERTSON,AP Technology Writer:<\/p>\n

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SAN FRANCISCO (AP) — Oracle Corp.’s quarterly profit edged past Wall Street’s estimates as revenue from new software licenses ratcheted higher for the second quarter in a row.<\/p>\n

That is an encouraging sign that big companies are steadily increasing their spending on new technology projects.<\/p>\n

Oracle said after the market closed that its net income was $1.2 billion, or 23 cents per share, in the three months ended Feb. 28. That compares with $1.3 billion, or 26 cents per share, in the year-ago period.<\/p>\n

Revenue grew 17 percent to $6.4 billion.<\/p>\n

Excluding one-time items, the company earned 38 cents per share. On that basis analysts polled by Thomson Reuters had expected Oracle to earn 37 cents per share on $6.3 billion in revenue.<\/p>\n<\/div>\n

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