Feeds

Oracle's Q1 disappoints on flat database sales

Investors aren't hot-pluggable

The Essential Guide to IT Transformation

Oracle today handed investors an unimpressive first quarter report card, showing flat net income and only modest gains in database sales.

The software maker reported net income of $519m for the period, which matches up with a profit of $509m reported last year. More impressive gains were found by looking at first quarter revenue which surged 25 per cent to $2.77bn. The results arrived as Oracle closed out a customer conference being held this week in San Francisco.

"This week at Oracle OpenWorld, 35,000 customers and partners embraced our innovative next-generation Fusion Middleware with hot-pluggable components," said Oracle's president Charles Phillips. "Hot-pluggable interoperability with IBM middleware puts us in a strong and unique position in the middleware business."

But talk of hot-pluggable interoperability can only carry a company so far.

Oracle had a harder time explaining why database license revenue increased only 1 per cent year-over-year to $492m and why new software license revenue growth hit just 12 per cent. The company pointed to soft sales in Europe and a couple of delayed, large deals for the results. Investors showed their displeasure, knocking 4 per cent off Oracle's share price in the after-hours markets, at the time of this report.

Oracle is looking for second quarter revenue to come in between 22 per cent and 26 per cent higher or a range of $3.37bn to $3.46bn. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.