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 llow@redmondmag.com.

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


Featured

  • Microsoft Adding Google G Suite Migration in Exchange Admin Center

    Microsoft's Exchange Admin Center will be getting the ability to move Google G Suite calendar, contacts and e-mail data over to the Office 365 service "in the coming weeks."

  • Qualcomm Back in Datacenter Fray with AI Chip

    The chip maker joins a crowded field of vendors that are designing silicon for processing AI inference workloads in the datacenter.

  • Microsoft To Ship Surface Hub 2S Conference Device in June

    Microsoft on Wednesday announced a June U.S. ship date for one of its Surface Hub 2S conferencing room products, plus a couple of other product milestones.

  • Kaspersky Lab Nabs Another Windows Zero-Day

    Kaspersky Lab this week described more about a zero-day Windows vulnerability (CVE-2019-0859) that its researchers recently discovered, and how PowerShell was used by the exploit.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.