Feeds

Oracle says 'We're flatter than PeopleSoft'

Up in Q4

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Oracle's strong fourth quarter results have given rise to another wave of rhetoric from Larry Ellison in pitching the PeopleSoft takeover bid.

Oracle saw net income swell to $858 million in the fourth quarter - a 31 percent jump over the $656 million reported in the same period last year.

The rise in net income appears to show that Oracle is running a tight ship. Total revenue edged up 2 percent year-on-year to $2.83 billion, but the only major gains in the quarter came from software license updates and support. This business pulled in $1.1 billion - a 12 percent increase from Q4 2002.

New software licenses brought in just 1 percent more revenue this quarter to $1.2 billion and services fell 11 percent to $580 million.

Oracle's CEO Larry Ellison, however, was happy with the flatness of things.

"For the quarter our applications new software license revenues were flat at $246 million," Ellison said in a statement. "Many of our major competitors showed significant license revenue decline in their most recently reported quarter."

It doesn't take the Amazing Kreskin to guess what Larry said next.

"For instance, in PeopleSoft's most recent quarter their applications new license revenues decreased 39 percent to $80 million. We believe that our growth and PeopleSoft's decline resulted in part from an increase in our competitive win rate over PeopleSoft, and the fact that we are beginning to replace PeopleSoft at a number of major accounts."

PeopleSoft uses a different set of metrics. By its account, PeopleSoft has the stronger business, which is precisely why Oracle wants to buy it for $5.1 billion.

Decent earnings aside, some industry watchers are concerned about the amount of cash Oracle will need to complete its hostile takeover. Moody's Investors Service downgraded Oracle to "negative," saying problems could arise should Oracle need to increase its bid and not be able to offset PeopleSoft's revenue losses.

For its full fiscal year, Oracle's net income rose 4 percent to $2.31 billion on revenue of $9.5 billion - a decline of 2 percent from 2002. ®

Related Stories

Analysts keener on Oracle's PeopleSoft bid than customers
Oracle reseller pitches to PeopleSoft accounts
Oracle says PeopleSoft keeps legal attack dogs on leash

Internet Security Threat Report 2014

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.