Feeds

Good, old database carries Oracle higher in Q1

Apps biz sinks

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

The essential guide to IT transformation

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
China: You, Microsoft. Office-Windows 'compatibility'. You have 20 days to explain
Told to cough up more details as antitrust probe goes deeper
Linux turns 23 and Linus Torvalds celebrates as only he can
No, not with swearing, but by controlling the release cycle
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
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

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.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.