Feeds

Oracle reports bumper results

Price hikes yet to kick in

Intelligent flash storage arrays

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.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.