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.
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.
Read reports here and here.