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