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Oracle Fiscal 3Q Earnings Rise



26 March 2008 @ 04:24 pm EST

NEW YORK (AP) - Business software maker Oracle Corp. says its fiscal third-quarter profit rose, helped by rising software and services revenues.

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Redwood Shores, Calif.-based Oracle says it earned $1.34 billion, or 26 cents per share in the quarter, compared with $1.03 billion, or 20 cents per share, in the year-ago quarter.

Excluding special items, Oracle earned 30 cents per share.

The company's revenue rose year over year to $5.35 billion from $4.41 billion.

Analysts polled by Thomson Financial expected earnings of 30 cents per share on $5.42 billion in revenue. Analyst estimates usually exclude one-time items.

Oracle says software revenue rose to $4.24 billion from $3.5 billion. Oracle's services revenue rose to $1.11 billion from $916 million.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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