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.