Feeds

Oracle's Q1 disappoints on flat database sales

Investors aren't hot-pluggable

Bridging the IT gap between rising business demands and ageing tools

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. ®

Application security programs and practises

More from The Register

next story
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
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
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
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
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
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.