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Oracle Still Not Keen on SaaS

Posted on July 03, 2008

Oracle Corporation (NASDAQ: ORCL) reported its Q4 and FY 2008 results on June 25. In a typically strong quarter, Q4 revenue was up 24% to $7.2 billion and net income was up 27% to $2.0 billion. Non-GAAP EPS was $0.47; analysts had estimated $0.44 on revenue of $6.88 billion. Breaking down revenues by segment, service revenues were up 18% to $1.3 billion and software revenues were up 26% to $6.0 billion. New software license revenues were up 27% to $3.14 billion, with database and middleware new license revenues up 23% and applications new license revenues up 36% (compared to just 7% last quar...

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