Feeds

Oracle has great Q3, if database growth doesn't concern you

Oh yeah. And SAP stinks

Intelligent flash storage arrays

Oracle today turned in a good looking third quarter to investors. That is if you discount the database maker's unimpressive database sales growth.

Oracle showed off revenue of $3.5bn for the third quarter. That total is up 18 per cent from the $2.95bn reported in the same period last year. Larry's House also delivered an improved profit, reaching $765m as compared to $540m last year. Overall, Oracle's 19 cents EPS (earnings per share) beat analysts' consensus forecast by a penny.

Executives used the solid results as an excuse to go after one of the only software makers Oracle didn't acquire during the past two years.

"SAP's strongest geographical region is Europe," said Oracle's President Charles Phillips. "So we are especially pleased that in Europe our applications new license revenue grew in excess of 100 per cent year-over-year. It's very satisfying to be doing well right in SAP's backyard."

Boo-yah!

Oracle's results didn't look as pretty if you dug a bit deeper into the third quarter financial statement.

Most notably, revenue from new database and middleware licenses grew only 4 per cent to $827m. Support revenue for these products rose only 6 per cent and total database and middleware revenue grew 5 per cent to $1.92bn. Single digit growth everywhere.

Oracle's applications business performed better, working off a much smaller base. Revenue from this group surged 80 per cent to $877m, and new licenses revenue increased 77 per cent.

The results appeared to leave Oracle investors unmoved. Shares off Oracle dropped almost 4 per cent in the after-hours markets. ®

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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.