Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 21 September 2012 14:39

Oracle profits up 11 per cent

Written by Nick Farrell



Improving software revenue


Software company Oracle has reported its profits are up by 11 per cent as its SaaS division to generate $1 billion in annual sales. Oracle software revenue and margins improved, while hardware-systems sales continued to weaken, the company said.

This is starting to make its purchase of Sun look very silly as it has been strength in Oracle's traditional software business has led to improved earnings in recent periods, offsetting revenue declines in the company's hardware segment. Oracle is expanding into cloud applications and social media. It combined its Fusion online app with several acquired companies to launch the Oracle Cloud service this summer.

The company added a banking service to the suite earlier this month, and it soon plans to add an infrastructure service as well. The company expects the software-as-a-service, or Saas, business, soon will generate $1 billion in annual sales. Combined sales of software licenses and subscription to its cloud services grew 14% in the Americas.

Chief Executive Larry Ellison told analysts that Oracle delivers more Saas applications than any other cloud-service provider in the world. For the past year the company has focused on "retraining sales people, adding people to focus on these new market opportunities, he said. Mark Hurd, Oracle co-president, reaffirmed that the company still planned on achieving "growth in the fourth quarter in the overall business in hardware."

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments