Oracle on Thursday reported fiscal second quarter net income of $1.3 billion, or 25 cents a share, on revenue of $5.3 billion, up 28 percent from a year ago. Excluding charges, Oracle earned 31 cents a share to handily top Wall Street estimates.
According to Thomson Financial, Oracle was expected to report earnings of 27 cents a share on revenue of $5 billion.
Overall, the quarter was strong, but guidance wasn’t given in the statement (we’ll update from the conference call). Oracle’s software license revenue was up 35 percent, the best showing in 10 years. Oracle CFO Safra Catz noted in a statement that the company exceeded its “best case forecast.”
Naturally, Oracle took jabs at SAP’s new license sales growth on the ERP side of the house and IBM on the database side. By the numbers, which indicate Oracle benefited from a weak dollar:
- New software license revenue was $1.67 billion, up 38 percent from a year ago. In constant currency Oracle’s growth rate was 31 percent.
- Software license, update and product support revenue for the quarter was $2.49 billion, up 24 percent. Constant currency growth rate was 18 percent.
- Services revenue was $1.15 billion, up 22 percent from a year ago. Constant currency growth rate was 15 percent.
- Applications revenue was $1.48 billion with database and middleware coming in at $2.67 billion.
- On demand revenue in the quarter was $167 million.
- Revenue in the Americas was $2.67 billion with Europe, Middle East and Africa at $1.86 billion. Asia Pacific revenue was $774 million.
- Oracle ended the quarter with 79,649 employees with the bulk of those folks in Asia Pacific and the Americas.
