20 Jun 2013

Oracle Q4 profits up 10 percent, but revenue flat

Author: Plauccutrilit | Filed under: About

Oracle’s revenue was flat year-over-year in its fourth quarter at $10.9 billion, while profits rose 10 percent to $3.8 billion, as the company reported strong growth in sales for SaaS (software as a service) subscriptions and “engineered systems” such as Exadata. But overall hardware revenue continued to slide, falling 9 percent to $1.43 billion, according to Oracle’s announcement on Thursday. Since buying Sun Microsystems, Oracle has continually emphasized that it is focused on higher-margin systems like Exadata, and not interested in competing with other companies in the commodity server market.

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Oracle Q4 profits up 10 percent, but revenue flat

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