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.

Software // Information Management
09:57 AM

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
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
White Papers
Register for InformationWeek Newsletters
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
Flash Poll