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Oracle posts buoyant results

Antony Savvas

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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