Oracle Profits Up by 25 Percent -- Redmondmag.com

Oracle Profits Up by 25 Percent

Ellison's gang is starting off its fiscal year with a bang. Oracle just reported a 25 percent increase in its first quarter profit. Execs attributed the boost to increased applications market share, not to the company's bread-and-butter database business.

"We continue to take applications market share from SAP," said Oracle President Charles E. Phillips Jr. in a prepared statement.

Oracle's net income increased from $670 million last year to $840 million this year for the first quarter. Not a bad increase. Besides chipping away at SAP's applications lead, Oracle also added to its bottom line sales from Hyperion, MetaSolv and several other companies it recently acquired.

Are you a SQL Server or Oracle shop? Any comments or complaints? File them with me at [email protected].

Posted by Lafe Low on 09/26/2007 at 1:23 PM

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