Oracle Q4 net income rises 36 percent

Oracle's net income for the fourth quarter ended May 31 rose 36 percent to $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.

Source: http://www.infoworld.com/d/the-industry-standard/oracle-q4-net-income-rises-36-percent-218

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