Enterprise software spending boosts Oracle Q3 numbers

A rebound in enterprise spending filtered through to license sales for Oracle as the vendor reported its third quarter results. Despite predicting a single digit rise earlier this year a 13% increase in software sales positively hit the vendor's share price but it fell back slightly amid continued


A rebound in enterprise spending filtered through to license sales for Oracle as the vendor reported its third quarter results.

Despite predicting a single digit rise earlier this year a 13% increase in software sales positively hit the vendor's share price but it fell back slightly amid continued concerns that the loss making Sun Microsystems will not be turned around quickly.

Oracle finally got approval from the EC for its acquisition of Sun at the end of January but has since rocked the boat by announcing plans to take 4,000 Sun accounts direct.

Larry Ellison, CEO at Oracle, was keen to have a dig at rivals SAP talking about taking "huge chunks of market share" from its competitor but it was down to the vendor's president Safra Catz to mention Sun.

"We believe Sun will make a significant contribution to our fourth quarter earnings per share as well as meet the profitability goals we set for next year," he added "The Sun integration is going better than expected."

In terms of what happened in the third quarter ended 28 February GAAP total revenues increased by 17% to $6.4bn, operating income dropped by 5% to $1.8bn and software licenses rose by 13% to $1.7bn.

The figures issued this evening were presented excluding the impact of the Sun acquisition but all eyes will be on the Q4 numbers to see how the purchase has filtered through to the numbers.

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Business Intelligence Tools and Services

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close