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Oracle aiming high with 10g
On September 12, Oracle Corporation announced that first quarter net income was up 28% to $440 million while revenues were up 2% to $2.1 billion as compared to the first quarter last year.. Earnings per share was $0.08 compared with $0.06 last year, which included a one cent impairment charge relating to Oracle's investment in Liberate. New software license sales were down 7% to $525 million while software license updates and product support were up 14% to $1,034 million. First quarter operating margin was 30% versus 29% last year. "Once again, the quarter showed positive growth in total revenues, and we expect to see continued improvement in total revenue and new license growth in Q2 led by North America. In addition, Oracle generated over $1.25 billion in cash as our profitability continues to hit record levels," said Oracle CFO Jeff Henley. "We are all very excited about the announcement of the next version of our database and application server called Oracle 10g," said Oracle CEO Larry Ellison. "Oracle 10g is the first database designed to run on a grid of 64 to 128 low-cost Linux Intel servers. An Oracle 10g enterprise grid runs more than 10 times faster than the largest server. That means every existing Oracle application SAP, PeopleSoft, Siebel, custom systems will run faster and more reliably on an Oracle 10g enterprise grid. But if you want to run on an Oracle grid of Lintel servers you have to be willing to spend less."For more than twenty years, Oracle Corporation has helped companies grow and succeed by leveraging Information Technology. In the Asia Pacific region, Oracle is a leading supplier of enterprise software and services to large multinational corporations as well as small- and medium-sized businesses.
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