Feeds

Oracle expects EC to approve Sun takeover bid

Sunny side up as Q2 results outshine forcecast

Beginner's guide to SSL certificates

Database giant Oracle expects European Commission antitrust watchdogs to give the thumbs up to the company's multi-billion takeover bid for Sun Microsystems after Christmas.

"We expect the European Commission to unconditionally clear the acquisition of Sun in January," said Oracle president Safra Catz yesterday, as the firm reported its second quarter results.

"I want to thank all of our customers for the overwhelming support they have given us during this process," she said.

Her comments followed a statement from the Brussels' competition Commissioner Neelie Kroes earlier this week, who confirmed the EC was "optimistic that the case will have a satisfactory outcome."

In an effort to ease regulatory concerns about Oracle's $7bn bid to buy Sun Microsystems, which owns the extremely popular open source MySQL database, the company spun out a 10-point plan aimed at calming customers' nerves about the future of MySQL.

On Monday Oracle said it would “publicly commit” to making MySQL’s storage engine APIs available to vendors. It also declared a number of licence promises, including “non-assertion” and “to enhance MySQL in the future under the GPL”.

Oracle added that support would not be forced on customers who wanted to obtain a commercial licence for the database.

The firm reported (PDF) yesterday that its net profit had climbed 12 per cent to $1.46bn in Q2, on revenue up four per cent on the same quarter a year earlier at $5.86bn. Wall Street had predicted sales of $5.69bn for the quarter ended 30 November.

"We delivered results which were substantially better than we expected on both the top and bottom line," said Oracle chief financial officer Jeff Epstein.

"Our solid top line growth, coupled with disciplined expense management, was key in generating $8.4bn of free cash flow over the last 12 months," he added. ®

Security for virtualized datacentres

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Microsoft to bake Skype into IE, without plugins
Redmond thinks the Object Real-Time Communications API for WebRTC is ready to roll
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
Mozilla: Spidermonkey ATE Apple's JavaScriptCore, THRASHED Google V8
Moz man claims the win on rivals' own benchmarks
Yes, Virginia, there IS a W3C HTML5 standard – as of now, that is
You asked for it! You begged for it! Then you gave up! And now it's HERE!
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
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?
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.