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Article: ORACLE CORPORATION REPORTS RECORD FIRST QUARTER REVENUES OF $772 MILLION; EPS $0.12
- Article from:
- PR Newswire
- Article date:
- September 14, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Excluding One-Time Acquisition Charge of $51 Million, EPS $0.20
REDWOOD CITY, Calif., Sept. 14 /PRNewswire/ -- Oracle Corporation (Nasdaq: ORCL) today announced that for the first quarter of fiscal 1996 ended August 31, 1995, revenues increased 39 percent to a record $772 million from $556 million in the same period last year. Without the one-time $51 million acquisition charge for the IRI transaction, which closed in late July, net income would have been $87 million, or $0.20 per share, compared to net income of $61 million, or $0.14 per share, in the first quarter of 1995. Including the charge, net income was $54 million for the period, or $0.12 per share.