Oracle Q1 revenue down, earnings beat expectations

Oracle Q1 revenue down, earnings beat expectations

Software maker Oracle today posted first-quarter earnings that beat previous expectations. Revenue, however, was down slightly from a year ago.

In a statement, the company said it posted first-quarter earnings of $US510.65 million, or 9 cents per share, compared with $500.68 million, or 8 cents per share, for the same period a year ago. Oracle had earlier estimated that per-share earnings for the first quarter would be the same as the first quarter of last year.

Total revenue fell to $2.24 billion, down from $2.26 billion a year ago. Software license revenue fell to $731.43 million, compared with $807.23 million for the same period last year.

In the statement, Oracle said it canceled today's scheduled conference call with analysts and rescheduled it for after the market's close Monday -- when trading is set to resume.

Oracle also confirmed that seven of its employees, who worked in the World Trade Center, were missing after Tuesday's attacks, and said one of its employees was aboard the hijacked United Flight 93 that crashed in Pennsylvania.

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