Feeds

Oracle coasts in Q2

We're better than PeopleSoft

  • alert
  • submit to reddit

Build a business case: developing custom apps

Oracle posted a modest revenue increase in its second quarter with license updates and product support driving the gains.

Oracle churned out $2.5 billion in revenue for the period - an eight percent rise over the same quarter last year. The company showed a more dramatic increase in net income, which rose 15 percent year-on-year to $617 million. Earnings per share were up two cents from $0.10 last year to $0.12 in this most recent quarter.

"We are extremely pleased with the strong performance we saw this quarter. Solid execution in the field, a strengthening competitive position, and an improving economy contributed to results that were above expectations," said Oracle CFO Jeff Henley.

New software sales jumped 13 percent to account for $849 million in revenue. But the software license updates and product support paved the way for Oracle, rising 17 percent year-on-year to $1.1 billion. Operating margin was 37 percent - a 300 basis point increase over last year.

As has become a tradition of late, Oracle Chief Larry Ellison used an announcement to take a shot at acquisition target PeopleSoft.

"Our applications growth of 27 percent exceeded the growth rates of many of our competitors, including SAP, PeopleSoft, Lawson, and Siebel, in their most recently reported quarters." Ellison said. "For example, new license sales at the combined PeopleSoft and JD Edwards company declined 18 percent as compared to their results when they were operating as separate companies. But the very fastest growing part of our applications business is outsourcing, which increased 82 percent in the quarter."

Almost makes you wonder why Oracle would want PeopleSoft. ®

5 things you didn’t know about cloud backup

More from The Register

next story
PEAK LANDFILL: Why tablet gloom is good news for Windows users
Sinofsky's hybrid strategy looks dafter than ever
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Fiendishly complex password app extension ships for iOS 8
Just slip it in, won't hurt a bit, 1Password makers urge devs
Mozilla keeps its Beard, hopes anti-gay marriage troubles are now over
Plenty on new CEO's todo list – starting with Firefox's slipping grasp
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Cloudy CoreOS Linux distro declares itself production-ready
Lightweight, container-happy Linux gets first Stable release
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?