Feeds

Oracle slaps SAP in the chops

And slaps $1.3bn on Q2 bottom line

Secure remote control for conventional and virtual desktops

Database giant Oracle said yesterday that it saw earnings jump by 35 per cent in its second quarter buoyed by strong sales of software licenses.

It reported net income of $1.3bn, or 25 cents per share, for the three months ended 30 November compared to $967m, or 18 cents per share, for the same period last year.

Revenue at the Redwood Shores-based firm was up 28 per cent to $5.31bn, from $4.16bn in Q2 2006.

Global sales of Oracle software licences shot up by 38 per cent to $1.67bn for the quarter.

Boosted by that figure, the firm forecast that 2008 sales will rise some 15 per cent to 25 per cent in Q3.

Oracle president Charles Phillips also gave the finger to one of the company's rivals. He said in a statement: "We like our growth strategy of expanding beyond ERP into high-end industry specific vertical software in contrast to SAP's strategy of moving down market to sell ERP systems to small companies."

The acquisition-happy firm has, over the past few years, swallowed up a number of small rivals splashing out an eye-popping $25bn. Oracle reckoned that strategy had paid off by allowing the firm to punt more software products to more customers in a variety of industries.

Oracle shares closed in regular trading on Nasdaq at $20.76, down 49 cents but then rallied in extended trading by $1.36, or 6.6 per cent.

The full Oracle Q2 results can be viewed here (pdf). ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
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
Post-Microsoft, post-PC programming: The portable REVOLUTION
Code jockeys: count up and grab your fabulous tablets
Twitter App Graph exposes smartphone spyware feature
You don't want everyone to compile app lists from your fondleware? BAD LUCK
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
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.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.