Oracle reports 20% revenue boost

Software giant Oracle has reported year-on-year revenue growth of 20%. Revenues during its fourth quarter of fiscal 2007 reached $5.8 billion, the company reported yesterday.

However, it was not all good news for the company. In last year’s fourth quarter results, new application license had grown a staggering 83%. This year, new applications license growth had dropped to just 13%.

CEO Larry Ellison described this as a “very, very tough comparison. It’s simply a matter of spectacular growth a year ago.”

New license revenue in the database and middleware divisions grew by 18%, exactly the same as last year.

The company predicted that next quarter, historically the company’s leanest, would see revenue growth continuing at between 18% and 21%. Oracle’s chief financial officer and president Safra Catz said “we are really going on all cylinders.”

Further Reading

Information Age company analysis – Oracle looks to SAP Eclipse – January 2007

Pete Swabey

Pete Swabey

Pete was Editor of Information Age and head of technology research for Vitesse Media plc from 2005 to 2013, before moving on to be Senior Editor and then Editorial Director at The Economist Intelligence...

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