Tuesday, March 21, 2006

Oracle profit announcements

Oracle has just announced profits up 42% on a revenue increase of 18%. That's a pretty good margin they're making. Most of this is from Applications rather than selling more database licences. Apparently, Oracle's strategic acquistions of PeopleSoft and JDEdwards is already bearing fruit.

So that's only another seventeen billion dollars to go before they've paid off the cost of all those acquisistions. Still, at least Larry will be able to sleep soundly at night instead of worrying about whether he can pay more than the monthly minimum on his credit card bill.