Oracle expects to complete its Siebel acquisition in early '06.
Oracle reported a 19% surge in revenue during its second quarter ended Nov. 30, but a stronger U.S. dollar took a bite out of the software giant's earnings.
Oracle reported revenue of just under $3.3 billion for the quarter, up from less than $2.8 billion year-over-year. But net income was $798 million, down 2% from one year earlier. Oracle said earnings would have climbed 3% without the currency fluctuations.
During a conference call Thursday, president and CFO Safra Catz said Oracle expects to complete its acquisition of customer-relationship-management application vendor Siebel Systems Inc. in early 2006. The acquisition received approval from the U.S. Dept. of Justice last month and Oracle is still seeking approval from the European Union.
Catz also said that users of software from PeopleSoft, which Oracle acquired in January, have been "renewing their subscription services and buying more software" at rates that show PeopleSoft customers are not fleeing to Oracle competitors. Leading up to the acquisition there had been questions about whether Oracle would have difficulty retaining PeopleSoft's customer base.
During the call president Charles Phillips touted recent customer wins for Oracle's applications, adding, "We're really going after the SAP installed base with this vertical [market] strategy."
Oracle said software revenue in the second quarter exceeded $2.6 billion. That included new software license sales, which increased 9% to nearly $1.1 billion, and revenue generated by software license updates and product support that grew 18% to $1.5 billion. Services-related revenue increased 26% to $675 million. Database and middleware new license sales were up 5% to $785 million while sales of application new license sales were up 26% to $675 million.
Catz said revenue in the current quarter would grow between 9% and 12% to between $3.4 billion and $3.5 billion. Software revenue will grow between 10% and 14% to between $2.7 billion and $2.8 billion.
The Agile ArchiveWhen it comes to managing data, donít look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
2014 Analytics, BI, and Information Management SurveyITís tried for years to simplify data analytics and business intelligence efforts. Have visual analysis tools and Hadoop and NoSQL databases helped? Respondents to our 2014 InformationWeek Analytics, Business Intelligence, and Information Management Survey have a mixed outlook.
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!