Feeds

Oracle bounces back with 46 per cent profit rise

The doomsayers of yesteryear are eating quantities of humble pie

  • alert
  • submit to reddit

Security for virtualized datacentres

Oracle has beaten financial expectations with the announcement of a stonking 46 per cent rise in quarterly profits, with strong computer services revenues helping it past expectations. Net income for Q2 (ended 3o November) jumped to $274 million from last year's disappointing $187 million. Turnover grew 27 per cent to $2.1 billion, ahead of Wall Street predictions, while database business jumped 25 per cent to $1.5 billion. After last year's results, analysts said the market for Oracle's flagship database software had "matured" and the world's second largest software company had lost focus. Oracle also became the first US high technology company to report problems in Asia, with investors turning white over the resultant 30 per cent share drop. Yesterday analysts were eating their words as Jeff Henley, Oracle's chief financial officer, proclaimed the market "still very attractive". He added: "We're delighted with our database performance in the Americas and Europe." He estimated a full recovery in Asia was still some years away, and noted limited growth in the area, saying: "At least Asia has done better than it has in the past five quarters". Analysts agreed Oracle had managed to resuscitate the database market. But they warned that the threat of Microsoft's SQL Server 7.0, designed to attack the low end of the database arena, still loomed. ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.