Oracle revenues soar on software licensing

Software licensing drove a healthy increase in revenue for Oracle during its fourth quarter.

For the quarter, which ended 31 May, the enterprise software giant reported revenue of $7.24bn (£3.67bn), up 24 percent from the same period a year earlier. During that three-month period, revenue from new software licenses rose 27 percent to $3.14bn, and revenue from software licence updates and product support rose 25 percent to $2.83bn.

Revenue from services also increased, though not by quite as much, up 18 percent, to $1.26bn.

Oracle said that net income for May quarter was $2.04bn, or 39 cents per diluted share: a jump of 27 percent.

In April, Oracle completed its $6.7bn acquisition of BEA Systems.

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