Earnings Rocket 62% For Oracle - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Earnings Rocket 62% For Oracle

Oracle's applications business continued its rapid growth during the second quarter, fueling a spike in the software vendor's profits and a healthy gain in revenue

For the quarter ended Nov. 30, Oracle reported sales of $2.66 billion, up almost 15% from the $2.32 billion reported during the same period last year. Earnings soared 62%, from $384.5 million (6 cents per share) a year ago, to $622.8 million (11 cents).

Application sales grew 66%, to $279 million in the quarter. Oracle has been making a big push with its E-business applications as it competes with Siebel Systems, Ariba, and i2 Technologies. Database software sales increased 19%, to $775 million. The overall database software market is growing at 18% to 20%. After accounting for currency fluctuations, application sales grew 73%, and database software sales increased 26%, the company reported.

"I think Oracle is 18 months into a five-year growth spurt," says Rob Tholemeier, an analyst with First Security Van Kasper. Oracle watchers fretting over developments such as the recent departure of several Oracle execs are overlooking Oracle's fundamental strengths, he says. "This is a company with a growing, accelerating top line. And they're growing revenue faster than their expenses, so their margins are expanding. It's just basic arithmetic."

Total software license revenue was up 25%, to $1.1 billion in the quarter, while service-related revenue increased 9%, to $1.5 billion.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
White Papers
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.
Sponsored Video
Flash Poll