Oracle Profit Tops Forecasts as Acquisitions Boost Sales
By: CNBC.com
Oracle reported third-quarter earnings of 25 cents a share after U.S. markets closed Tuesday, beating forecasts.
Sales for the quarter came in at $4.41 billion, the software company said.
On average, analysts expected earnings of 23 cents per share on $4.33 billion in revenue, according to a Thomson Financial survey.
Shares of the company rose over 4% in after-market trading after gaining more than 2% earlier Tuesday.
"We exceeded guidance on every metric with strong revenue growth across all product lines and in all geographies," said Oracle President and Chief Financial Officer Safra Catz.
"We exceeded guidance on every metric with strong revenue growth across all product lines and in all geographies," said Oracle President and Chief Financial Officer Safra Catz. Sales for the quarter came in at $4.41 billion, the software company said.
