Feeds

Good, old database carries Oracle higher in Q1

Apps biz sinks

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
Whistling Google: PLEASE! Brussels can only hurt Europe, not us
And Commish is VERY pro-Google. Why should we worry?
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.