News

Oracle Posts Flat 3rd-Quarter Profits to 2.5 Billion

Oracle Corp. (ORCL) posted flat fiscal third-quarter earnings as the technology company's hardware revenue continued to weaken and license revenue slipped, though overall software revenue improved.

Shares sank 6.6% to $33.42 after hours as revenue fell short of the company's expectations.

Oracle makes databases and other software that businesses use for a range of tasks including balancing the general ledger and tracking inventory.

Strength in Oracle's traditional software business has helped offset recent revenue declines in its hardware segment. Oracle entered the hardware business through its $7.5 billion acquisition of Sun Microsystems in 2010 and has said it expects the hardware business to start to grow by the end of the fiscal year. Oracle has noted weakness in hardware revenue is the result of turning the business away from commodity servers and storage gear to engineered systems built around its Exadata and Exalogic database machines.

The company is aggressively expanding its Fusion cloud-applications business and has further grown its cloud business through a string of acquisitions. Oracle has also been steadily expanding its presence in the networking sector, last month unveiling plans to buy telecommunications gear maker Acme Packet Inc. (APKT) in a deal valued at $1.7 billion.

Request on site demo

Prosol is welling to present its solution across the Middle East and North Africa, All you need to do is to fill the below form or to contact us through our numbers, Our per-sales are highly qualified to respond to all your questions and demands.

About Prosol

ProSolProSol is a local Middle Eastern Oracle partner that has been working in Saudi Arabia mainly and in the rest of the MENA for more than 5 years, we are proud that our clients are mainly investing with us for their growing needs, The company has proven itself as a leader in delivering to qualified local consultants in all the business areas.

Our company believes in investing in its own resources with continuous training and business cases where our main value is delivered to our clients directly into their business processes.

oracle

Contact Us

For any further information about our products and solutions please don't hesitate to contact us directly on the below contact information.

+966 1 276 8765

 

+966 1 229 8765

 

This email address is being protected from spambots. You need JavaScript enabled to view it.