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Oracle Pre-Announce: A Little Hat Eating....

Posted by: Sarah Lacy on June 15, 2006

So last earnings story I did on Oracle, back in March, talked about why investors were under whelmed with what appeared to be pretty good results. Some people- who shall remain nameless- accused me of having “a snarky tone.”

I countered that while, yes, the applications numbers were good, rivals (ahem, SAP) had a valid point when they claimed that the database revenues were a serious problem, being the core of the company's business and all. March marked the third disappointing quarter for database sales in a row.

The aforementioned commenter said i was being unfair- that everyone used to complain about applications and applications were growing. Come on! Where's the love?, he asked. Well, I promised if Oracle busted out with an amazing database number, I'd do the fair thing and give them props.

Consider these my props. I don't know the details yet since it was a pre-announce but even SAP will have a hard time spinning 18% growth in database revenues and 56% growth in applications revenues- apples-to-apples, ie without Siebel and Retek in the mix. Even I'm at a loss for something to snark about. (Unless, you want to point out that it's just one quarter, but let's stick with the props-- this one surprised almost everyone.)

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.



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