Software license growth buoys Oracle


Software license growth buoys Oracle

Simon Quicke

Decent levels of software license sales managed to keep things looking positive at Oracle despite the vendor's ongoing weakness on the hardware side of the business.

The vendor revealed that new software license revenue was up by 7% for the three months ended 29 February, reaching $2.4bn. EMEA remained flat in terms of revenues but the Americas and Asia Pacific delivered double-digit growth.

Hardware systems are still contributing 10% of total revenues at $869m but market watchers had expected it to be higher.

Mark Hurd, president of Oracle, said that it was seeing some demand for its Fusion in the Cloud hardware systems and pointed out that "going into Q4, we have a record pipeline".

He added that it was looking to grow the business, particularly combining software and hardware solutions.

"Software support was up sequentially and up annually as attach to renewal rates remain very strong. Hardware support attach rates continue to improve from pre-acquisition levels and we expect to see these go higher over time. Lastly, we added another 1,000 sales and presale people this quarter, and we did this while bringing operating margins back to record levels," he added.

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