Oracle moved to quash fears that the business was stalling by revealing reassuring numbers three days ahead of time.
The results came out as it also looked like Keith Block, executive vice president for Oracle's sales and consulting groups in North America, was looking to exit the business after criticisms of the way the Sun business was being run.
Moving swiftly to take the focus off that speculation Oracle revealed its fourth quarter revenue was up by a single percent to $11bn and net income increased by 8% to $3.5bn. The hardware business was down by 16% but new software licenses rose by 4%.
Larry Ellison, CEO of Oracle was keen to point out that the cloud portion of the business was also growing, an area of the market that is becoming increasingly competitive with SAP.
"Our Oracle Cloud SaaS business is nearly at a billion dollar revenue run rate, the same size as our engineered systems hardware business. The combination of engineered systems and the Oracle Cloud will drive Oracle's growth in FY 2013," he said.
On the hardware side despite the dip in revenue Mark Hurd, Oracle President, was blowing the trumpet about the impact of the big data trend on sales.
"For the year, the Exadata, Exalogic, Exalytics, SPARC SuperCluster and the Oracle Big Data Appliance product group grew over 100% year-over-year," he said.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.