Feeds

Oracle's tools giveaway pays off

Reports higher margins, fewer heads

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

Oracle's net income growth ran ahead of revenue growth in the first quarter, the company reported today.

Revenues were up 14 per cent to $2.26 billion in the quarter of the corresponding quarter last year, but slightly lower costs and higher margins saw net income more than double over the same period last year to top $500 million.

Tools revenue was down 38 per cent as Oracle has gradually made many of its tools freely available, or at available at very low cost. "Our tools business is in decline," said CEO Larry Ellison, "but our software business is in the ascendency, with 31 per cent growth or 28 per cent adjusted for currency." He claimed that the number of registered developers had grown by 28 per cent in the last three months.

Oracle recently launched its 11i Applications suite, which had yet to make a significant impact on earnings, said the company. Database growth was steady, with Ellison claiming the Oracle was "losing no deals to Microsoft and very few to IBM".

The company announced a two-for-one stock split for 12 October. ®

Build a business case: developing custom apps

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Linux turns 23 and Linus Torvalds celebrates as only he can
No, not with swearing, but by controlling the release cycle
China hopes home-grown OS will oust Microsoft
Doesn't much like Apple or Google, either
Sin COS to tan Windows? Chinese operating system to debut in autumn – report
Development alliance working on desktop, mobe software
Eat up Martha! Microsoft slings handwriting recog into OneNote on Android
Freehand input on non-Windows kit for the first time
Linux kernel devs made to finger their dongles before contributing code
Two-factor auth enabled for Kernel.org repositories
This is how I set about making a fortune with my own startup
Would you leave your well-paid job to chase your dream?
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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?