Feeds

Oracle Q1 profit up a quarter

Slams SAP's 'downmarket' strategy

Choosing a cloud hosting partner with confidence

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Entity Framework goes 'code first' as Microsoft pulls visual design tool
Visual Studio database diagramming's out the window
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.