Oracle Closes Fiscal Year With Surging Application Sales - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Information Management
News
6/29/2005
09:57 AM
50%
50%

Oracle Closes Fiscal Year With Surging Application Sales

Company also reports a 16% sales increase for its core database and middleware software products.

Oracle Wednesday reported that sales surged 26% in its fourth quarter ended May 31 with the company's earlier acquisition and integration of PeopleSoft providing a year-over-year boost in application revenue.

For the quarter, Oracle reported total revenue of $3.88 billion, up 26% from the same period last year. Net income rose a more modest 3% to $1.02 billion or 20 cents per share.

Total software revenue increased 24% to $3.12 billion during the quarter, the vendor said. Database and middleware new license sales increased 16% to $1.26 billion and new license sales of applications grew 52% to $350 million. Services revenue increased 35% to $755 million.

President Safra Catz said in a statement that the rapid integration of PeopleSoft, which Oracle acquired in January, into the company's business contributed to the strong growth in application sales and profits in the quarter.

For the full fiscal 2005 Oracle reported a 16% year-over-year increase in revenue to $11.8 billion and an 8% increase in net income to $2.9 billion or 55 cents per share. For the year, software revenue increased 17% to $9.4 billion. Database and middleware new license sales increased 13% to $3.3 billion and increased new license sales of applications grew 28% to $785 million. Service revenue increased 14% to $2.4 billion.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
Slideshows
Flash Poll