Feeds

Oracle takes profit blow

Shakes fist at lousy dollar

Choosing a cloud hosting partner with confidence

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. ®

Internet Security Threat Report 2014

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
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.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
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.