Feeds

Oracle takes profit blow

Shakes fist at lousy dollar

Top three mobile application threats

Software giant Oracle has blamed the US dollar for putting a dent in its second quarter earnings, with the firm’s net profit falling one per cent to $1.3bn.

The Redwoods Shores, California-based company said revenue climbed six per cent to $5.6bn for the Q2 period ended 30 November.

Oracle also saw a healthy eight per cent rise in software revenue, pulling in $4.5bn in the quarter. However, new software licence revenues were down three per cent to $1.6bn.

Software licence updates and product support sales were up 14 per cent to $2.9bn, while services revs fell two per cent to $1.1bn in Q2.

The company said the stronger dollar up against weaker foreign currency hurt revenue and profit for the quarter. It said profit excluding special items decreased by three cents per share.

Oracle said that the stronger dollar decreased its profit excluding special items by three cents per share.

Shares closed up 2.47 per cent to $17.02 on Nasdaq. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.