Oracle Corp.'s profit and revenue from new software licenses dipped in the latest quarter, but the business software maker's results came in ahead of Wall Street's tepid forecasts. And in a rare sign of confidence these days, the company declared its first dividend.
Oracle's fiscal third-quarter results, reported Wednesday after the market closed, demonstrated that the company was able to sustain a better-than-expected pace of contract signings even as companies pull back on technology spending.
In the latest period, which covered December through February, Redwood Shores, Calif.-based Oracle said it earned $1.33 billion, or 26 cents per share, versus $1.34 billion, also 26 cents per share, in the year-ago period.
Total revenue was $5.45 billion, a 2 percent increase over last year, though Oracle said sales would have jumped 11 percent without currency fluctuations. Analysts predicted $5.42 billion in sales.
Nike Inc. said its profit slipped in its third quarter on charges related to its acquisition of Umbro PLC and on weaker sales.
The Beaverton, Ore.-based athletic apparel company said Wednesday its net income slipped to $243.8 million, or 50 cents per share, for the quarter ended Feb. 28, compared with $463.8 million, or 92 cents per share, in the same period last year.
Nike's revenue fell 2 percent to $4.4 billion.
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