Feeds

Oracle bounces back with 46 per cent profit rise

The doomsayers of yesteryear are eating quantities of humble pie

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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. ®

Internet Security Threat Report 2014

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
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
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
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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.