Oracle's new software, Cloud revenue dropped 2 per cent in Q3

Revenue from new business is important because it helps indicate future growth

Oracle's total revenue dipped 1 per cent and profits remained almost flat in its most recent quarter, as revenue from new software licenses and cloud services dropped by 2 per cent.

Revenue for the December to February period was $US9 billion while net profit was $US2.5 billion, the company said.

The 2 per cent drop in new software licensing and Cloud software subscriptions pushed revenue in that business sector to $US2.3 billion.

The amount of money Oracle makes from new licensing is watched closely because it helps indicate future growth. New licensing agreements and subscriptions usually lead to ongoing sales and support contracts that are lucrative for the company.

The license update and support business was almost twice the size of new business in the quarter. It saw revenue of $US4.3 billion, up 7 per cent on the same period in 2012.

Offsetting the healthy jump in support revenue, Oracle said its hardware products business suffered a 23 per cent drop in revenue while its hardware support business fell 6 per cent.

(More to follow.)

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags enterprise resource planningOraclebusiness issuesData managementsoftwareapplicationsfinancial results

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?