March 13, 1997 6:00 PM ET
Oracle Q3 net income in line with expectations
By Margaret Kane

  A 29 percent jump in license sales helped Oracle Corp. come in on target for its third quarter.

Total sales for the quarter ended Feb. 28 were $1.37 billion, compared with $1.02 billion in the year-ago quarter. Net income (including a one-time $37 million charge for the acquisition of Datalogix International Inc.) was $169 million, or 25 cents per share, compared with $146 million, or 22 cents per share, in the year-ago period.

Excluding the Datalogix charge, Oracle's net operating income was 29 cents per share, on target with the expectations of Wall Street analysts surveyed by First Call Corp.

Oracle's Applications product group led license revenues, growing 61 percent from a year ago, officials said. Oracle did not break out numbers for database revenues, although it did announce the completion of the final phase of the Oracle8 beta program. The final version of the database is expected to ship in June.

"Looking ahead, it's now time to focus on lower cost of ownership and high-value business applications," Raymond Lane, president and chief operating officer of the Redwood Shores, Calif., company said in a statement.

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