US software group Oracle last night reported net profits of $990m for its fourth quarter to the end of May, up 15% on the same period a year earlier and slightly ahead of Wall Street expectations.
Total revenue climbed by 9% to $3.1 billion, with software revenue up 12% and service revenue down 4%.
For the full year, profits were 16% higher at $2.7 billion, while revenue was up 7% at $10.2 billion.
Chief financial officer Jeff Henley said the group's operating profits were even better than its best year during the internet bubble.
