Oracle Reports 25% Sales Growth - 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
Software // Information Management
News
9/23/2005
10:59 AM
50%
50%

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.

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
News
How COVID is Changing Technology Futures
Jessica Davis, Senior Editor, Enterprise Apps,  7/23/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
Slideshows
Flash Poll