Oracle's earnings see strength in software

The company has reported growth in software licences and product support revenue, although its hardware business saw a fall

Oracle reported strong fourth-quarter earnings on Thursday as database and application sales surged, but hardware system revenue was a bit light relative to expectations.

The company reported fourth-quarter earnings of $3.2bn (£2bn), or 62 cents a share, on revenue of $10.8bn, up 13 percent from a year ago. Non-GAAP earnings were 75 cents a share. Wall Street analysts were expecting earnings of 71 cents a share on revenue of $10.75bn.

Hardware revenue was below expectations, but Oracle's core software sales performed well. New software licence revenue in the fourth quarter was up 19 percent from a year ago to $3.7bn. Software update and product support revenue was up 15 percent to $4bn. Hardware system revenue was down six percent to $1.2bn.

For fiscal 2011, Oracle reported earnings of $8.5bn, or $1.67 a share, on revenue of $35.6bn, up 33 percent from a year ago.

For more on this ZDNet UK-selected story, see Oracle's fourth quarter strong, hardware sales light on ZDNet.com.


Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All
See All