Feeds

Oracle pumps out Q4 financials in premature release: See? We're OK

Brouhaha over sales chief exit simply not a problem

The essential guide to IT transformation

Oracle rushed through the public filing of decent Q4 financials last night some three days earlier than planned to head off any industry talk that the pending exit of a sales bigwig was due to tumbling turnover.

The word on the street, well at least on Murdoch's Wall St rag Barron's, is that 26-year Oracle veteran, exec veep of North America sales Keith Block is to be ejected from the business.

In any case Oracle's numbers were up, and by releasing them prematurely it may have swerved some share price declines. Sales rose 1 per cent to $10.9bn, higher than the $10.8bn consensus by financial analysts.

This was on the back of a 4 per cent spike in licensing to $4bn, and a 5 per cent climb in software licence updates and product support revs to $4.2bn in the quarter.

Once again hardware was the sticking point, as systems sales crashed into an unmovable object – customers' tightly closed wallets – and slid 16 per cent to $977m.

Profits from operations climbed 5 per cent to $4.6bn.

Despite not yet managing to turn around Oracle's systems business, disgraced former HP CEO Mark Hurd, who is now Oracle's president, said the engineered systems biz was turning over a $1bn annualised revenue run rate.

"For the year, Exdata, Exalogic, Exalytics, SPARC SuperCluster and the Big Data appliance grew over 100 per cent year-over-year," Hurd said.

CEO Larry Ellison also pitched in with a heavily optimistic blurb, claiming Oracle's cloud SaaS unit is almost at the same size as its engineered systems.

For the year, sales were up 4 per cent to $37.1bn and operating income grew 14 per cent to $13.7bn. ®

Next gen security for virtualised datacentres

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?