Feeds

Good, old database carries Oracle higher in Q1

Apps biz sinks

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Oracle enjoyed a solid rise in first quarter earnings on the back of its flagship database.

Larry Ellison's shop posted $2.2bn in revenue - a 7 percent year-over-year rise. Net income rose 16 percent to $509m, while earnings per share jumped 18 percent to $0.10.

"Since we introduced our database for grid computing, Oracle 10g, our database new license sales have grown 16%, 15% and 19% in the last three quarters, respectively," said CEO Ellison.

Oracle's new license revenue increased by 7 percent to $563m with 10g doing most of the work. Oracle had previously given analysts a new license growth range between 5 percent and 15 percent, so it came in just above the low-end of this forecast. Analysts tend to look at this figure as a key measure of growth.

While Oracle's database business grew new license sales by 18 percent, its application license revenue fell 36 percent year-over-year. Oracle attributed a large chunk of this loss to a giant software deal with Russia last year. Excluding that purchase, application sales would have come in just 11 percent lower year-over-year.

The poor showing by the application business only emphasizes Oracle's need to complete its buy of PeopleSoft. Oracle is once again in position to make this move after a District Court chucked out a lawsuit by the US Department of Justice that looked to block the deal.

Oracle is sticking by analysts' second quarter expectation that place revenue between $2.58bn and $2.66bn. ®

Related stories

UK uni pulls plug on Oracle project
Oracle wins US antitrust suit
Oracle rebuilds Warehouse
Oracle's biz suite lumbers on stage
Oracle's first monthly patch batch fails to placate critics

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
IRS boss on XP migration: 'Classic fix the airplane while you're flying it attempt'
Plus: Condoleezza Rice at Dropbox 'maybe she can find ... weapons of mass destruction'
OpenSSL Heartbleed: Bloody nose for open-source bleeding hearts
Bloke behind the cockup says not enough people are helping crucial crypto project
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.