Updated from Thursday, March 25

NEW YORK ( TheStreet) -- Oracle ( ORCL) posted better-than-expected third-quarter earnings, as revenue from new software licenses grew.

During the third quarter, the software giant earned $1.2 billion, or 23 cents a share, compared with $1.3 billion, or 26 cents, for Oracle in the year-ago period.
ORCL

Excluding one-time items, Oracle actually earned 38 cents a share, a penny higher than analysts' estimates.

Oracle's sales jumped 18% to $6.47 billion from $5.50 billion last year.

Shares of Oracle were slightly lower in premarket trading Friday to $25.90. The stock closed Thursday at $26.04.

-- Reported by Jeanine Poggi in New York.

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