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 September 26, 2007 at 11:57 AM


Featured

  • Microsoft Previews Whiteboard Support in Teams Rooms Devices

    A preview of a new Microsoft Teams Rooms feature will enable organizations to use images of physical whiteboards as a dynamic space for videoconferencing.

  • 2019 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss this year.

  • Microsoft Warns of Heightened Threat of 'BlueKeep' Attacks

    Older Windows systems using Microsoft's Remote Desktop Services are at acute risk of remote code execution attacks due to the "BlueKeep" vulnerability.

  • The 2019 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generation of HoloLens, here's what's on tap from Microsoft this year.