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Technology / AI and automation

Oracle reports 10% rise in Q4 profit

Oracle has reported a 10% rise in its profits to $3.8bn, or $0.80 earnings per share, for the fourth quarter of fiscal 2013, compared to $3.45bn, or $0.69 earnings per share, it reported for the same period in 2012.

Total revenue for the quarter was unchanged at $10.9bn while revenue from software sales and internet subscriptions increased 1% to $4bn.

Oracle said without the impact of the US dollar strengthening compared to foreign currencies, its total revenues also would have been increased 2%.

The company’s hardware systems products revenue declined 13% to $849m for the quarter along with hardware systems support revenues which fell 3% to $582m.

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The hardware division has seen revenue decline in every quarter since Oracle acquired Sun Microsystems for $7.4bn in 2010.

Revenue in the Americas region increased to $5.9bn for the quarter and revenue in the EMEA region grew slightly to $3.32bn.

Operating income increased 9% to $5bn, compared to $4.5bn for the same period last year.

Oracle president Mark Hurd said the company’s HCM Cloud, CRM Cloud and ERP Cloud increased 50% as it added more than 500 new SaaS customers in Q4 alone.

"Our annualized SaaS revenue run rate is over $1 billion, making us a strong number two in cloud applications – we are larger than SAP and Workday combined," Hurd said.

"Furthermore, in Q4 our HCM cloud alone generated more SaaS revenue and added more new Fusion HCM customers than Workday added HCM and ERP customers combined in their most recent quarter."
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CBR Staff Writer

CBR Online legacy content.