Oracle profits up 25% as Sun emerges from the gloom

Sun Microsystems has recorded a profit - albeit an operating profit - during the fourth quarter, its first set of financials recorded under Oracle ownership. Sales were up 39% in the period ended 31 May to $9.5bn and net profits grew 25% to $2.4bn, for the full year turnover "We estimate that

Sun Microsystems has recorded a profit - albeit an operating profit - during the fourth quarter, its first set of financials recorded under Oracle ownership.

Sales were up 39% in the period ended 31 May to $9.5bn and net profits grew 25% to $2.4bn, for the full year turnover

"We estimate that Sun contributed over $400m to non-GAAP operating income in our Q4," said Oracle president Safra Catz, "this compares with a loss in Sun's quarter ending June last year, when Sun was an independent company."

Software revenues in Q4 benefited from the Sun acquisition rising 69% to $6.56bn, hardware went up 13% to $1.23bn, system support climbed 6% to $598m and services increased 12% to $1.1bn.

Sun contributed four months worth of sales to the numbers, but it is difficult to draw anything that is particularly meaningful from them as there were no previous like-for-like quarterly comparisons.

The last set of figures filed by Sun as an independent firm came in September 2009, but its results in Q1, Q2 and Q3 of that fiscal also were indicative of a company that was ravaged by the recession.

Back to the present day and Oracle president Charles Phillips could not resist taking another pop at SAP, claiming that his firm had wrestled "large chunks of market share away" from the vendor, as its applications business grew 5%.

"This trend has been going on for a long time: Oracle's application business has grown 60% in the last four years while SAP's business is 7% smaller than it was four years ago," Phillips added.

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