Q3 results show profit for Oracle

Oracle has announced its third quarter results and at the same time introduced a three-for-two share split.

Turnover for the three months to February 29 rose to $1 billion, compared with $722 million for the same quarter last year. But profits of $146 million, up from $105 million for the same period, disappointed Wall Street and caused a drop of $2 in its share price to $46.

Sales in the EMEA region rose by 31 per cent, compared with 46 per cent in the US. Turnover in Oracle's first nine months of this financial year rose to $2.76 billion, compared with $1.96 billion in the same period last year.

Oracle's turnover is set to rise dramatically in the next financial year, with the company pinning hopes on the network computer (NC).