Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

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

 

Facebook activity

Latest Commented Articles

Recent Comments