 Oracle chief executive Larry Ellison |
The world's second largest software maker Oracle has posted higher profits for the three months to May. The group said the increase had been driven by improved sales of its flagship high-end database software, amid higher company investment.
Net income at the group rose $900m from $858m in the same period last year, the California-based company said.
Sales at the US group rose 9% to $3.1bn from $2.8bn a year ago - in line with analyst forecasts.
Oracle shares dipped slightly to $11.57 in after-hours trade from their Nasdaq close of $11.71.
"They seem to be pretty much in line," said Charles Di Bona, analyst at Sanford C Bernstein & Co of the results.
"People must have been expecting a little bit more than that," he added.
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