Feeds

Oracle's Q1 disappoints on flat database sales

Investors aren't hot-pluggable

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.