Database is still making money machine Oracle saw a sharp increase in profit in the First Quarter

Oracle released its first quarterly performance report on Tuesday, with its quarterly profit increasing by 16% due to a rise in demand for database software.

Oracle's quarterly net income reached $0.509 billion, equivalent to 10 cents per share, compared with $0.44 billion in the same period last year. Oracle said sales revenue increased from $2.07 billion to $2.22 billion, and analysts predicted $2.23 billion.

Oracle's new database sales revenue increased by 19%, and software authorization revenue increased to $0.563 billion. Oracle board chairman Henry predicted earnings per share for the First Quarter of June to $9, with revenue increasing by 6% to 9%. Oracle is making efforts to acquire Renke, which has reduced its reliance on database services. The annual maintenance fee of Renke customers exceeds one billion USD.

Meide, an analyst at Merrill Lynch, said that the database is still a machine making money from Oracle. In the next few years, the sales revenue of the database will increase by more than 10% each year. He originally predicted that the database authorization revenue in the first quarter will increase by 12%. He believes that the acquisition of Renke will help Oracle obtain a new source of revenue, doubling the number of customers of enterprise application businesses compared with the current 13000. "Oracle is a platform. The more customers there are, the more applications they can sell," he said.Program. The key is to get enough applications to sell more databases ."

The Oracle database business has grown by more than 10% in the past two quarters, but has not grown in the past two years. According to Gartner's data, Oracle is the largest database in Linux and UNIX operating systems, and is second only to Microsoft in the Windows operating system database market. Oracle ranks second in the database market of $7.1 billion, second only to IBM.

From: Sohu