Oracleâs Net Up 21%, but New License Sales Disappoint
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Oracle Corporationâs stock dipped in late trading despite strong profit growth because smaller-than-expected new license revenue disappointed investors.
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Oracle Corp. reported revenue and earnings growth in its first fiscal quarter, with its revenue from new software licenses rising 7 percent, to $563 million.
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Oracle Corp.  on Tuesday reported a 16 percent rise in quarterly profit fueled by steady demand for its flagship database software, but executives warned that customers were still cautious about spending on technology.
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The economy may be sputtering, but Oracle Corp. is still hitting on all cylinders. Brushing aside worries about a possible slowdown in the technology sector, Oracle soared well beyond analyst expectations in its fiscal second quarter and raised hopes for a strong start in 2008 with an upbeat forecast.
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Oracle Corp.  on Thursday  posted a higher quarterly profit, helped by  stronger-than-expected new software license revenue.
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While most of Oracle's recent purchases have focused on growing its applications business, the vendor's latest proposed purchase will beef up its growing identity management operation.
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Oracle has rejected&#160;BEA Systems&#39; proposed purchase price of $21 per share, calling it &quot;impossibly high&quot; for Oracle or any other company to pay.In a letter to BEA&#39;s board dated Oct. 25, Oracle again urged the company to accept its offer of $17 per share, an amount that Oracle said it was &quot;unwilling to increase.&quot;&quot;The $21 per share price is a multiple of nearly eleven times BEA&#39;s last twelve months&#39; reported maintenance revenues,&quot; wrote Oracle President Charles Phillips. &quot;Nobody would seriously consider paying that kind of multiple for a software company with shrinking new license sales.&quot;He noted that Oracle was the only company making an offer for BEA. &quot;Apparently no other companies think that BEA is worth $17 per share, let alone $21 per share,&quot; Philips wrote.Oracle again urged BEA to put its offer to a shareholder vote.&#160;Oracle&#39;s bid of $17 per share&#160;values BEA at about $6.7 billion. A price of $21 per share would value it at $8.3 billion.Oracle said it had an obligation to its own shareholders to &quot;exercise price discipline when evaluating acquisition opportunities.&quot; It reminded BEA of its&#160;deadline of Sunday evening&#160;to accept the offer, after which it will &quot;move on&quot; and consider other acquisitions.Oracle made its surprise bid for BEA on Oct. 12, hoping to strengthen its line of middleware products and grow its customer base. BEA, which had been under pressure from investor Carl Icahn to sell, quickly rejected the offer as too low, and on Thursday came back with its suggested higher price. Oracle&#39;s offer &quot;significantly undervalues BEA&quot; and is not in the best interests of BEA&#39;s shareholders, it said on Thursday.BEA officials weren&#39;t available for comment on Oracle&#39;s latest letter.&#160;
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And slaps $1.3bn on Q2 bottom line Database giant Oracle said yesterday that it saw earnings jump by 35 per cent in its second quarter buoyed by strong sales of software licenses.â¦
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Oracle Corp. reported revenue and earnings growth in its first fiscal quarter, with its revenue from new software licenses rising 7 percent, to US$563 million.
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Melding a hodgepodge of different software makers into a cohesive business is supposed to be difficult. But Oracle Corp. is making the task look easy as the Redwood Shores-based company churns out one impressive quarter after another, nearly three years into a $25-billion shopping spree that is yielding bigger dividends than many skeptical software analysts and executives anticipated.
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Business software maker Oracle  Corp.  posted a quarterly profit on Tuesday that topped  Wall Street forecasts as strong sales of new licenses for  applications helped boost revenue, sending its shares up 5  percent.
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SAN FRANCISCO Business software maker Oracle&#39;s quarterly earnings barely exceeded analyst expectations, despite sluggish sales.
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(InfoWorld) - New software licensing revenue growth -- the highest inÂ 10 years for the company -- helped boost Oracle's first-quarter financials. New software licensing revenue grew 35 percent to $1.1 billion, the strongest growth of any quarter in the past decade, the company reported on Thursday. Revenue for the period ending Aug. 31 was up 26 percent to$4.5 billion and net income grew by 25 percent to $840 million compared to the same quarter last year, based on generally accepted accounting principles. Earnings per share grew 28 percent to $0.16. Applications' new license revenues helped drive growth, increasing by 65 percent over the corresponding period last year. Database and middleware new license revenue was up 23 percent, the highest growth rate in seven years for Oracle, the company reported. Oracle released a major upgrade to its database software during the quarter, helping to drive that increase. The company had 35,000 downloads of the software during the first month it was available. Oracle's results significantly beat some analyst expectations, including those of Citi Investment Research. Citi expected 20 percent growth in overall new software licensing, 15 percent growth in database and middleware license revenue, and just 33 percent in applications. While database software is the historical focus for Oracle, the company is now hoping to become a dominant player in its two other lines of business: applications and middleware. Oracle figures it is number three in the middleware market, behind Microsoft and IBM. If Oracle and IBM continue to grow at their current rates, Oracle could pass IBM at the end of this year or early next year, Larry Ellison, CEO of Oracle, said during a conference call to discuss the earnings. In applications, Oracle is behind market leader SAP. The companies have different strategies for growth with Oracle trying to sell to its existing large company customers and SAP chasing small businesses, he said. "While we think the small business market is interesting because it's large; we just haven't figured out a way to make a substantial profit in that market," he said. Oracle would have to build a new sales force, products, marketing, and advertising efforts in order to address the market, which doesn't promise strong revenue, he said. Oracle's applications business, with its continued focus on existing customers, has the potential for huge growth in the future, he said. "We're just at the very beginning in terms of penetrating this market," Ellison said. The business includes products that Oracle sells to companies like telecommunications operators. Those companies typically use custom software, some of which they may have installed as long as ten years ago, said Charles Phillips, president of Oracle. So part of Oracle's challenge is to convince these companies that off-the-shelf software from Oracle can work, he said. For the current quarter, Oracle expects new software license revenue to grow 15 percent to 25 percent from a year earlier and total revenue to grow 19 percent to 21 percent. Earnings per share this quarter should be $0.20 to $0.21, up from $0.18 for the corresponding period last year, Oracle said. This story was updated on September 20, 2007
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Oracle Corp. (ORCL.O: Quote, Profile, Research) on Tuesday reported a 16 percent rise in quarterly net income as the world&#39;s second largest software company benefited
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PeopleSoft reported a 12% increase in revenue, to $698.8 million, and a slight uptick in revenue from software license sales in the quarter that ended Sept. 30.
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By Ryan Blitstein, San Jose Mercury News, Calif.  Sep. 19--Oracle reported record first quarter revenues and earnings  Tuesday, with its net income rising 29 percent to $670 million during the  fiscal first quarter of 2007.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.