Feeds

Oracle busts through own forecasts for Q4

Can't they get software to predict this stuff properly?

Boost IT visibility and business value

Oracle was full of itself yesterday after announcing it would exceed financial targets for its fourth quarter.

The software giant said revenues were set to come in at $4.85bn, up 25 per cent. It had previously forecast 13 per cent to 17 per cent growth. This will deliver net income of $1.3bn, up 27 per cent, or $1.5bn non-GAAP, up 13 per cent. This means earnings per share of $0.29, compared to previous guidance of $0.26 to $0.28.

New software licences delivered a big kick to the numbers, up 32 per cent to $2.12bn, compared to earlier guidance of 8 per cent to 18 per cent growth. Oracle’s acquisition spree has helped boost revenues. Database revenues were up 18 per cent, while total app revenues were up 83 per cent. Even when the big buys of Siebel and Retek were stripped out, apps were up 56 per cent®.

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.