Feeds

Oracle reports bumper results

Price hikes yet to kick in

Choosing a cloud hosting partner with confidence

Oracle's decision to buy 40 software companies continues to pay off, as it announced annual and quarterly earnings growth of nearly a third.

The company, which this month hiked prices of core products by up to 20 per cent, announced Wednesday robust sales of its databases, applications and middleware.

For the three months to May 31 the company posted a 27 per cent increase in net income to $2bn on revenue that increased 24 per cent to $7.2bn. Earnings per diluted share grew 27 per cent to $0.39.

For the fiscal year, Oracle reported a 29 per cent increase in net income to $5.5bn following a 25 per cent jump in total revenue to $22bn, with earnings per diluted share growing 30 per cent to $1.06.

Oracle's applications, database and middleware businesses all grew. Applications increased 30 per cent for the quarter and the year, coming in at $2bn and $6.2bn respectively. Database and middleware saw 23 per cent growth for the fourth quarter and the year, coming in at $3.9bn and $11.6bn respectively. Middleware was boosted by the purchase of one-time rival BEA Systems, whose $1.4bn in annual revenues now belong to Oracle.

Earnings per share will be of most interest to both Oracle's management and those watching Oracle. Chief executive Larry Ellison in 2006 committed his company to 20 per cent growth in earnings each year until the end of the decade.

Wall Street rewarded Oracle in after-hours trading as its shares jumped 27 cents, or 1.2 per cent, to $22.50.®

Intelligent flash storage arrays

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.