December 12, 1996 6:30 PM ET

Oracle reports 31 percent earnings rise in Q2
By Maria Seminerio

  Database giant Oracle Corp. leveraged customer anticipation of its Universal Server rollout and interest in its Network Computing Architecture to boost earnings by 31 percent in its second quarter ended Nov. 31, company officials said today.

Oracle reported net income of $179 million, or 27 cents per share, in the quarter, compared with $137 million, or 20 cents per share, in the same period last year. Revenues rose 36 percent, to $1.31 billion, from $967 million in the year-ago quarter, a record for the Redwood Shores, Calif., company.

"This quarter further confirms the success of Oracle's growth as a strategic technology and applications provider to the largest companies in the world," said Chief Operating Officer Raymond Lane in a statement released after the close of financial markets today.

The company reached a number of milestones during the quarter, including the release of its Universal Server multimedia server environment and its Network Computing Architecture development environment aimed at World Wide Web applications. Also this quarter, Oracle acquired client/server software maker Datalogix International Inc. in a $94 million cash transaction.

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