View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 18, 2006

Oracle solid but license disappoints

Oracle Corp has reported second fiscal quarter results that the company said showed its expensive acquisition strategy is bearing significant fruit, but the quarter's new license growth disappointed Wall Street, which punished its shares in after-hours trading.

By CBR Staff Writer

The company reported a net income up 20% at $967m for the three months ended November 30, on revenue that was up 26% to $4.2bn. This was all nicely in line with analysts’ consensus estimates.

Oracle is still seeing the majority of its revenue from its core, but slower-growing, database business, and has made billions of dollars of acquisitions over the last few years to boost its faster-growing applications business.

In the second fiscal quarter, revenue from database licenses was up 9.5% at $867m, while applications new license revenue was up 28% at $340m, not quite as much as analysts had been hoping.

Chief executive Larry Ellison made much of the acquisitions bringing more growth to the table, observing that the business acquired from retail apps specialist Retek last year was a strong performer.

In Q2, our retail new software license sales more than tripled. During the second half of the year the retail business unit expects to do even better, he said.

Content from our partners
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.