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.

print this article

Return to business news headlines
View Business News Archive

Share with: