Feeds

Oracle profits down 12%

Dotcom death drains growth

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

Oracle's revenues fell 11 per cent and profits dropped 12 per cent, as the software maker battled its way through its toughest quarter in a decade. Earnings of $549.5 million were made on the back of $2.36 billion in sales.

Revenue from software licenses was $803 million, down 27 per cent year on year from Q2 2000's $1.1 billion and far worse than the 15 per cent CEO Larry Ellison initially forecasted following the September 11 disaster.

Things won't improve anytime soon; the company is predicting a flat third quarter and a continued decline in new license sales until the fourth quarter.

Its core business, database software, dropped from $1.25 billion to $1.1 billion year on year, although Ellison insists that competitors IBM and Microsoft have not picked up any market share from the company.

Aside from the huge impact of September 11, the company has been hit hard by the demise of the dotcom market, which was a key factor in its growth over the past years, accounting for 15 per cent of its North American sales last year. ®

Related Stories

Larry Ellison loves the PC
XML database: big fish lose out to the minnows

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.