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Oracle shows quarterly results below expectations

Oracle Corporation today announced that its results for the first quarter of fiscal year 2013 was below expectations due to the continued decline in sales of hardware, the increasing costs of the transition to cloud computing, and to strengthen the dollar . in the quarter ended August 31, Oracle sales decreased by 2.3% to 8.18 billion, operating profit of 53 cents per share. Wall Street analysts expected the Oracle sales at 8.42 billion dollars and earnings of 53 cents. At the same time, the situation in the company would be even worse if it were not previously made ​​buying companies and RightNow Technologies Taelo, that have improved the software sale and pick up the first traditionally weak.

However, even the growth in this area was not able to block the fall in the direction of hardware sales, which is the sixth consecutive quarter of decline. predicts Oracle, the current quarter results will remain the same, plus or minus 4% in either direction. Operating income in the current quarter will be 59-63 cents. Wall Street analysts expected an operating profit of 61 cents per share. in fiscal first-quarter net income rose 11% to 2.603 trillion dollars, or 41 cents a share, from 1.84 billion dollars a share a year earlier. At the same time, sales of the company in the hardware segment totaled 779 million dollars, which is 24% below last year's total for the same period. Analysts had forecast a fall, but they expect that it will not exceed 14%. "

The actual drop is greater than the forecast and it says that the company has no clear plan to support the hardware business , "- says Brent Thill, an analyst at the bank UBS. itself in Oracle say that promote sales hayend system Exadata and Exalytics, based on processors Intel. According to Oracle president Mark Hurd, the sale of these systems during the year more than doubled. However, sales of SPARC-servers in the line Oracle still look very weak. During the reporting quarter, Oracle has also changed the licensing and reporting of new software licenses. Rather than consider selling databases, middleware and applications, the company now considers cloud subscription and a new single license to use the product. Sales of new software licenses for Oracle in the quarter rose 5.1% to $ 1.6 billion.

Note that from September 30 to October 4, Oracle will hold its traditional annual conference of the Oracle World, which will present new developments in the year ahead. It is expected that the conference Oracle head Larry Ellison will present the new flagship product Oracle Database 12c, which will include the design and technology to work with cloud services. Previously, the company said that the presentation of 12s in October, while the customer a product available only by February 2013.

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