Feeds

Oracle Q1 profit up a quarter

Slams SAP's 'downmarket' strategy

Secure remote control for conventional and virtual desktops

Database software giant Oracle said its first quarter profit rose by 25 per cent, with revenue and earnings per share beating Wall Street expectations for the firm.

Total revenue was up 26 per cent to $4.53bn compared to $3.59bn for the same quarter in 2006.

Net income increased to $840m, or 16 cents a share in the Q1 period ended 31 August.

Earnings, excluding acquisition-related charges and stock-based compensation expenses, were said to be 22 cents a share, a penny above Wall Street forecasts.

Oracle, which has been on a software buying spree in the past year having swallowed up Hyperion Solutions, Stellent, and MetaSolv, said it saw revenue from new software licenses jump 35 per cent year-on-year to $1.1bn.

The firm's president Charles Phillips said in a statement: "We continue to take applications market share from SAP."

Although Oracle leads the database software market ahead of rival IBM, German firm SAP remains in pole position with its business applications.

"We like our growth strategy of expanding into high-end industry specific vertical software as opposed to SAP's growth strategy of moving down market to sell software to small companies," said Phillips.

Nasdaq trading in Oracle shares are currently at $21.04, unchanged on the previous close.

The full Oracle results can be viewed here. ®

Remote control for virtualized desktops

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
HTML5 vs native: Harry Coder and the mudblood mobile app princes
Developers just want their ideas to generate money
prev story

Whitepapers

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.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.