Friday, September 24, 2021

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 SiliconValley.com.
 
 
(CEO Larry Ellison)

 
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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.

 

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Jim Love, Chief Content Officer, IT World Canada
Howard Solomon
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com

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