Oracle also said it expects its revenue totaled $4.85 billion, up 25% from $3.88 billion a year ago, exceeding previous guidance of 13% to 17% growth.
Oracle said it expects to post strong growth in both its core database business and its newly expanded business of selling application software. The company predicts sales of new software licenses grew 32% to $2.12 billion, exceeding the company's previous guidance of 8% to 18% growth.This is a real shocker announcement and one that has caught most analysts on the hop. It will no doubt put a bunch of pressure on SAP. Maybe corporate customers are starting to buy into Oracle's strategy - and that would be an early turn-up for the books!