Oracle has posted results which show net profits up 29% for the first quarter and used the figures to attack rival...
Oracle made $670m (£362m) on sales of $3.6bn, which were also up 30% on the same quarter last year.
The company said software revenues were up 29% to $2.7bn, with database and middleware new licence sales up 15%. Application new licence sales were up 80%, said the firm.
In addition, services revenues were up 33% to $846m compared to the same quarter last year.
“We reported record revenues and earnings for the first quarter,” said Oracle president and chief financial officer Safra Catz. “We exceeded our guidance on every metric and delivered strong revenue growth across all product lines and geographies.”
Fellow Oracle president Charles Phillips used the results to take another of his regular swipes at rival SAP.
Phillips said, “We’re rapidly taking applications market share from SAP. Q1 was the second consecutive quarter that Oracle’s applications new licence sales growth was 80% or more. That’s ten times SAP’s 8% new licence sales growth rate in their most recently completed quarter.”
Oracle chief executive officer Larry Ellison said, “SAP appears to be rethinking its strategy as it loses application market share to Oracle and confronts the difficulties of moving its application software to a modern Service Oriented Architecture (SOA).
“They’ve just announced that they are delaying the next version of SAP applications until 2010. That’s a full two years behind Oracle’s scheduled delivery of our SOA Fusion applications,” said Ellison.
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