Oracle to Announce $10 billion in Quarterly Sales

By Bizclik Editor

 

The world’s number one software giant, Oracle Corp., is expected to announce Thursday in the US that its quarterly sales have surpassed $10 billion for the first time at an unprecedented 71 cents for the company.

The reason behind the Redwood, CA-based company’s massive sales? Many analysts believe that Oracle CEO Larry Ellison has successfully mastered the art of mixing software and hardware, and big companies are sold. The catalyst to software-hardware hybrid was the purchase of Sun Microsystems Inc last year. The acquisition added computers to the collection of software programs that Ellison and Oracle have accumulated through more than $42 billion in acquisitions since 2005. With the Sun hardware, Oracle has modified its databases to run faster on new machines.

Another driver of growth is the rollout of Oracle’s Fusion application, which is a crosslevel platform of several software products, including Java EE, integration services, business intelligence and content management. Still, the Fusion applications are not yet where they need to be in terms of a major profit generator.

The company’s Exadata machines seem to be the profitable hardware component of the fourth quarter growth. Analysts estimate that 100 customers have the machines in production environments. The machines, which combine specially engineered Sun computers with Oracle database software, will likely keep fueling growth because customers who buy Exadata also purchase software licenses, generating even more revenue. Like the Fusion products, the future of Exadata’s success is unclear, but new license revenue is poised to deliver even more sales growth. 

Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology