Confidence is Boosted by Oracle's
Oracle has announced revenues for its fourth quarter, showing that they are up 39 per cent to $9.5bn (£6.4bn) and earnings of 46 cents a share. This is up 24 per cent on the same period a year ago.
The other revenue announcements reveal that new software licence revenues are up 14 per cent for the company to $3.1bn, and licence updates and product support revenues are up 12 per cent to $3.4bn.
Safra Catz said she is pleased that Oracle has succeeded in making the Sun Microsystems profitable. "We estimate that Sun contributed over $400m to non-GAAP operating income in our Q4," she said.
Charles Phillips, the companies president also spoke out about the results, stating:
"We continue to take large chunks of market share away from SAP.
"Over the past twelve months Oracle's applications business has grown 5% on a constant dollar basis, while SAP's business has declined 24 per cent over their previous four quarters," he said.
Larry Ellison, Oracle chief executive, highlighted gains against IBM. "Version 2 of our Sun Exadata database machine outperforms IBM's fastest computer in both data warehousing and transaction processing," he stated.
Ellison says that as a result, some of IBM's largest customers have begun buying Exadata machines in favour of big IBM servers in Q4 of Oracle's financial year.
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