Feeds

Oracle's Q2 nicked by income drop

Larry is happy PeopleSoft users are happy

Beginner's guide to SSL certificates

Oracle failed to impress investors with a second quarter that saw profits decline and currency effects punish the company's bottom line.

The database maker posted revenue of $3.3bn – a solid 19 per cent year-over-year increase. Net income, however, dipped 2 per cent to $798m. Part of the disappointing results could be attributed to "currency moving during the quarter nearly 5 per cent in the wrong direction," according to Oracle's CFO Safra Catz.

Oracle also disappointed investors three months earlier when flat database sales marred its first quarter.

Oracle noted that second quarter software revenue increased 18 per cent to $2.6bn. New database and middleware license revenue only increased 5 per cent year-over-year, while applications new license revenue surged 24 per cent to $266m. Services revenue jumped 26 per cent to $675m.

Fancy suit Larry ignored the immediate financial results to turn the focus back on Oracle's PeopleSoft buy.

"Since our acquisition, customers running PeopleSoft products have registered substantially improved satisfaction levels," said Oracle CEO, Larry Ellison. "As a result those customers are now renewing their support contracts at a higher rate than when PeopleSoft was a stand-alone company. Nobody predicted that. They're happy, we're happy."

Oracle expects third quarter revenue to come in between $3.4bn and $3.5bn with earnings per share of 19 cents – or one penny below the current analysts' estimate. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.