Oracle Q2 profit up 18 per cent

The year ended on a fine note for Oracle Corp., which this week reported second quarter profit of US$2.6 billion, up 18 per cent over the same period a year ago.

Total revenues were up three per cent, new software licences and cloud software subscriptions were up 17 per cent, software licence updates and product support revenues were up 7 per cent.

Are things that rosy? We have follow-up analysis from ComputerWorld U.S. and
(CEO Larry Ellison)

One report notes that revenues from the Sun Microsystems server division fell 23 per cent in the quarter, not a ringing endorsement. Sales from the unit have been skittish since to acquistion in 2010. But CEO Larry Ellison said in a statement that “Sun has proven to be one of the most strategic and profitable acquisitions we have
ever made.” By the end of the fiscal year, he predicted, products like Exadata sever-database platform and SPARC SuperCluser servers will drive growth in the hardware business.

Was it worthwhile for Oracle to buy Sun? After two years the jury is still out.
Meanwhile, ComputerWorld writer Chris Kanaracus says the results and comments by Oracle officials to financial analysts raises six questions, including when Oracle 12c database will be released.

Read reports here and here.


Related Download
CanadianCIO Census 2016 Mapping Out the Innovation Agenda Sponsor: Cogeco Peer 1
CanadianCIO Census 2016 Mapping Out the Innovation Agenda
The CanadianCIO 2016 census will help you answer those questions and more. Based on detailed survey results from more than 100 senior technology leaders, the new report offers insights on issues ranging from stature and spend to challenges and the opportunities ahead.
Register Now