Software uplift saves Oracle as hardware sales fall
By Stewart Mitchell
Posted on 21 Mar 2012 at 10:31
Oracle has bounced back from disappointing sales last quarter by posting better-than-expected results on software sales and cloud services.
In its Q3 results, the company posted revenues of $9 billion, with new software license sales up 7% to $2.4 bilion.
Hardware sales were down 16%, the company said, but cloud services and software made up for the shortfall as the company bounced back from disappointing Q2 figures.
"The software business bounced back," Citigroup analyst Walter Pritchard told the Reuters news agency. "If you look at where the value is at Oracle, it would be the software business."
Oracle also said a focus on higher-margin systems helped its fortunes.
“Oracle is on track to deliver the highest operating margins in our history this year,” said Oracle CFO, Safra Catz.
“Oracle can achieve these record margins as an integrated hardware and software company because we are focusing on high-margin systems where hardware and software are engineered to work together.”
Is your business a social business? For helpful info and tips visit our hub.
- How to check your identity hasn’t been sold to the hackers
- Tim Cook: this is how much TV has changed since the 70s
- Westminster wins the .London battle
- 20 years of PC Pro: from deep pan pizza to virtualisation
- Five reasons why the Apple Watch leaves me cold
- Apple Watch, iPhone 6 and 6 Plus: Tim Cook's Apple back with a bang?
- BT Home Hub 5: how to get maximum speed
- 20 years of PC Pro: one-star reviews (including "the worst tablet we've ever seen")
- 20 years of PC Pro: our best covers
- Why we've closed the PC Pro forums