Feeds

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

Oh yeah. And SAP stinks

Build a business case: developing custom apps

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. ®

Build a business case: developing custom apps

More from The Register

next story
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
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
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
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
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
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.
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.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.