The Channel logo

News

By | Ashlee Vance 29th June 2005 20:08

Database growth boosts Oracle

Billion dollar profit in Q4

Oracle posted solid revenue growth during its fourth quarter on the back on improved database sales.

Larry's shop reported a 26 per cent jump in revenue to $3.88bn, while net income rose 3 per cent to $1.02bn. The results came as Oracle manages a number of rocky acquisitions. These deals, however, didn't seem to affect the company's core database business.

"Oracle's database business delivered another strong growth quarter," said Oracle CEO Larry Ellison. "The latest Gartner, IDC and Morgan Stanley database surveys all agree that Oracle is increasing database market share while IBM's DB2 database is in decline."

New license revenue for database and middleware products rose 16 per cent to $1.26bn. That type of growth is a strong sign for Oracle, which like many software makers rates new license revenue as a key metric. Overall, Oracle software revenue cam in at $3.12bn - up 24 per cent year-over-year.

For the full year, Oracle reported a 16 per cent rise in revenue to $11.8bn and a 8 per cent net income rise to $2.9bn. ®

Related stories

Open-source projects get free checkup by automated tools
Oracle becomes EJB 3.0 'standard'
Ex-MS man joins Oracle

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers