Oracle Reports 25% Sales Growth - InformationWeek
IoT
IoT
Software // Information Management
News
9/23/2005
10:59 AM
50%
50%
RELATED EVENTS
Big Data at QVC: Where Entertainment Meets Retail
Aug 24, 2017
In this live radio show you will hear about what one modern entertainment and retail company, QVC, ...Read More>>

Oracle Reports 25% Sales Growth

Database and middleware software sales grew only 1% while acquisitions gave application sales a boost in 1Q.

Oracle Thursday reported that sales grew 25% to $2.77 billion in its first quarter ended Aug. 31 and net income was $159 million, up 2% from the same period last year.

Software revenue increased 23% to $2.13 billion. While new license sales of database and middleware software grew just 1% to $492 million, new license sales of applications surged 84% to $127 million, largely as a result of the many application company acquisitions Oracle has made in the last year.

CEO Larry Ellison, in a statement, said the company's goal is to become the top vendor in middleware. Ellison claims Oracle has surpassed BEA Systems Inc., but the company remains behind IBM that IDC has named as the middleware market leader.

Services-related revenue in the quarter grew 34% to $637 million.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll