Feeds

Oracle's Q2 leaves Wall Street wanting more

Close those deals

Top three mobile application threats

Oracle today learned that buying double-digit growth doesn't impress investors like it used to.

The insatiable software maker did its best to wow shareholders with a 26 per cent rise in second quarter revenue to $4.2bn. Net income surged as well, hitting $1.17bn on a 20 per cent year-over-year rise. The results were aided by Oracle's numerous acquisitions.

But the cruelest of all indicators - new software licenses - smudged Oracle's otherwise shiny figures.

New software sales rose just 14 per cent year-over-year. Wall Street hoped Oracle could push that figure to between 15 per cent and 20 per cent. New database and middleware licenses rose 9 per cent - a drop from the first quarter - and new application licenses increased 28 per cent - missing a 40 per cent forecast from analysts.

So, investors chipped away at Oracle shares in the after-hours markets, nicking 2.5 per cent (at the time of this report) off Monday's $17.91 close.

Oracle's CFO Safra Catz blamed the new sales softness "on a number of deals that didn't close during the quarter."

Well played.

Oracle's total software revenue jumped 23 per cent during the second quarter to $3.2bn, while services charged higher 41 per cent to $949m.

CEO Larry Ellison cheered his vigorous acquisition strategy, saying Oracle "has strengthened our competitiveness in several industries including retail, banking, telecommunications and utilities."

President Charles Phillips was relegated to rival bashing duties.

"We continue to gain market share in applications from SAP, in middleware from BEA, and in database from IBM," he said. "In Q2 our middleware new license growth was exceptionally strong. We expect to pass BEA in total middleware new license sales later this year." ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.