Monday, March 20, 2006

Oracle's results just out - they look impressive

Oracle has just announced their latest quarterly results and it finally looks like their business apps unit is performing. All those acquisitions may even deliver!

Overall revenue rose 18% to $3.47 billion. Much of the growth came from Oracle's business software segment, which has been bolstered by the acquisitions of PeopleSoft, Siebel and Retek.

Sales of new software licenses in the quarter totaled $1.1 billion, a 16% increase from last year. Oracle said new license sales in its business software segment jumped 77%, while license sales for its larger database business rose 5% from a year earlier.

So, with database revenues having matured, they need the higher growth from the applications business. They need to grow their infrastructure side through internal innovations such as their secure corporate search.

Larry Ellison my just have got it right again. Lets hope they deliver on Fusion - then their stock price may even start moving as well! SAP may finally have some real competition.

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