Oracle Reports 2Q Results - 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

Oracle Reports 2Q Results

Oracle's revenue grew at a moderate 12.9% pace in its secondquarter, reaching $2.32 billion for the period ended Nov. 30. But profitability soared 40% to $384.5 million--the payback from Oracle's ongoing efforts to cut $1 billion from its cost structure by implementing its own Internet applications, according to company executives.

Oracle reported that total software license revenue grew 18% during the same period one year earlier. CEO Larry Ellison has says he expects software license revenue in fiscal 2000 will exceed last year's 16% growth rate. Database sales increased 17% to $651 million, while application software sales grew 31% to $168 million.

The applications category includes Oracle's customer- relationship management software, sales of which grew 300% in the quarter to $49 million. Ellison says Oracle has several big customer wins for its CRM applications within European companies that use SAP enterprise resource planning applications, although those deals have not been announced and were not included in the second-quarter results.

While the pace of software license sales picked up in the second quarter, the rate of service-related revenue was down from the first quarter's 16% growth rate. Service-related revenue increased 10% in the most recent quarter to $1.4 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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Enterprise Guide to Edge Computing
Cathleen Gagne, Managing Editor, InformationWeek,  10/15/2019
News
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
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