Archive for June, 2013

Oracle shares hit as sales disappoint again

June 25th, 2013

Oracle, the US computing giant, has been punished by investors for missing sales targets for the second quarter running. Revenue from software sales and internet subscriptions rose 1% to $4bn (£2.58bn), but was below the average $4.2bn analysts had forecast. Net profit rose 10% to $3.8bn for the fourth quarter to 31 May.

But this did not stop the share price plunging 8% in after-hours trading, after closing 2.6% down on the Nasdaq.

Revenue for the period was $10.9bn, below the $11.2bn that had been expected.

Oracle bought Sun Microsystems, the computer storage specialist, for $5.6bn in 2010. Revenue from this integrated hardware division fell 13% to $849m in the quarter, but the drop was towards the lower end of company expectations.

EMC posts record Q1 revenues; VMware and RSA star performers

June 10th, 2013

Storage giant EMC has reported record first quarter (Q1) revenues of $5.39bn, an increase of 5.75% compared with the same period a year ago. The company’s non-storage divisions – VMwareRSA and its information management products – were star performers in the Q1 results in terms of revenue increases while storage hardware lagged behind.

All EMC’s product divisions saw increased revenues in the quarter, but VMware and security brand RSA saw the biggest year-on-year growth in revenue; 12.8% and 12.5% respectively. EMC’s information intelligence division, which includes Captive and Documentum document management solutions as well as SourceOne archiving and e-discovery products, saw a revenue boost of 7.1%.

The poorest performing of the EMC divisions was information storage, which comprises storage hardware, software and services. This saw a year-on-year revenue increase of just 3.3% in Q1. Revenues in this division grew by 5.65% year-on-year in the final quarter of 2012. Despite poorer revenue growth, the information storage division towers over the others in terms of contribution to quarterly revenues, providing $3.8bn compared with VMware’s $1.19bn, RSA’s $232,308 and information intelligence’s $155,916.