Feeds

Oracle reports bumper results

Price hikes yet to kick in

Internet Security Threat Report 2014

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.®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.