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!

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

Tags business issuesapplicationsenterprise resource planningsoftwarefinancial resultsData managementOracle

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

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

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.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?