Menu
Oracle in the pink for Q4, fiscal year

Oracle in the pink for Q4, fiscal year

Broad and strong revenue growth drove Oracle Corp. to higher profit in the fourth quarter and the company's full 2007 fiscal year.

The software giant's quarterly revenue rose 20 percent from a year earlier to US$5.8 billion and its net income was up 23 percent to $1.6 billion, based on generally accepted accounting principles.

The company boasted of big year-over-year gains in revenue from new database and middleware licences, new application licences, services, licensing and software overall. Full-year revenue was also up, with a 25 percent increase to $18 billion. Net income and earnings per share for the year also rose.

"It was a great year," Co-President and Chief Financial Officer Safra Catz said in a news release.

Fourth-quarter earnings also beat Oracle's own past guidance by three cents per share, she said during a conference call on the results.

"We again executed extremely well across the board," Catz said. "We grew all our businesses faster than the market." The company is gaining market share against rivals including SAP, IBM and BEA Systems, while also increasing its profit margin, according to Catz.

Oracle expects to secure even more market share after the next version of its database, Oracle 11g, is released on July 11, said co-President Charles Phillips.

For the current quarter, Oracle expects revenue to grow between 19 percent and 21 percent from a year earlier and new software license revenue increase between 20 percent and 30 percent.

One weak spot in the quarter was Oracle's applications business in North America, where growth was just five percent. That was in comparison to a banner quarter the previous year, CEO Larry Ellison said. He expects strong growth in applications in North America in the current quarter. In the Asia-Pacific region, a smaller part of Oracle's business, applications revenue growth was just one percent.

The company will soon announce a programme that will let channel partners join Oracle's reseller programme and sell products with less administrative overhead, executives said. It will allow resellers to process sales contracts in hours instead of days.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags OracleprofitQ4

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments