Eye on Oracle

Dec 18 2012   9:41PM GMT

Oracle revenue up 3%, but hardware revenue continues slide

Mark Fontecchio Mark Fontecchio Profile: Mark Fontecchio

Oracle just released its quarterly financial statement showing that revenue was up 3% this past quarter, with software revenue up 17% and support revenue and license updates up 7%.

But hardware products and support continued their revenue decline. They brought in $1.3 billion, down 16% since the same fiscal quarter last year, according to Oracle’s filing today with the U.S. Securities and Exchange Commission. Profit on the hardware side was down from $745 million to $727 million since last quarter, and down from $849 million in the same quarter last year.

In a statement, CEO Larry Ellison said that engineered systems like Exadata and the SPARC Supercluster will “drive growth in our hardware business” by the end of Oracle’s fiscal year, which is mid-2013. It’s a statement he has repeated since this summer.

Ellison and other execs will be holding a conference call on the earnings later today.

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