TechTarget

Ellison sticks it to SAP as Oracle reports strong sales growth

Despite a fall in net income of 10% to $1.2bn from a year ago, Oracle has reported overall third quarter revenues for its fiscal year ending February up 17% to $6.4bn, driven by software sales.

Despite a fall in net income of 10% to $1.2bn from a year ago, Oracle has reported overall third quarter revenues...

for its fiscal year ending February up 17% to $6.4bn, driven by software sales.

The figures include one month of Sun's figures. At $596m, Oracle executives said Sun's hardware sales had performed better than expected.

They said the integration with Sun Microsystems was going well and is expected to make a significant contribution to fourth quarter earnings.

Sales of new application software licences increased by 21% to $477m, with new software licence revenues up 13% to $1.7bn.

Software licence updates and product support revenues were also up 13% to $3.3bn.

Oracle president Charles Philips highlighted Exadata as the fastest growing product in the company's history.

Oracle chief executive Larry Ellison took the opportunity to snipe at rival SAP, saying Oracle is grabbing "huge chunks" of market share form SAP every quarter.

"SAP's most recent quarter was the best quarter of their year, only down 15%, while Oracle's application sales were up 21%. But SAP is well ahead of us in the number of CEOs for this year, announcing their third and fourth, while we only had one," he said.

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