Oracle has posted a 35% increase in third quarter net
profits to £542m.
The firm also reported a 27% increase in sales to £2.31bn when
compared to the same quarter a year ago.
Software revenues were up 25%, database and middleware new
licence revenues up 17%, and applications new licence revenues up
57%. In addition, services revenues jumped 36%, said Oracle.
Oracle president and
CFO Safra Catz said, "We exceeded guidance on every metric with
strong revenue growth across all product lines and in all
geographies.”
Oracle CEO Larry Ellison said, "Our middleware new licence sales
grew 82% in the third quarter and 62% over the last 12 months. This
compares to BEA's growth rate of 8% in their most recently reported
quarter and 12% over their last year. Not only are we growing
faster than BEA, we're now larger than they are in the middleware
business," claimed Ellison.
In a separate shot at business software rival SAP, Oracle
president Charles Phillips said, "Our applications new licence
sales grew 57% in the third quarter and 61% over the last 12
months.
"This compares to SAP's growth rate of 7% in their most recently
reported quarter and 10% over their last year. Although SAP is
still larger than Oracle in the applications business, we are
closing the gap consistently and rapidly."
Ellison also claimed that Oracle’s new Red Hat Linux support
business was growing, citing a deal at Yahoo, which has seen Oracle
take over from Red Hat in supporting Yahoo’s Linux systems.
Oracle updates Enterprise Manager
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