Oracle net surges 36 percent to $1.8 bn on core software biz

Oracle’s new software licence revenues were up 17 percent to $1.5 billion, while hardware systems products revenues were down 5 percent to $1 billion. Software major Oracle Corp has reported a 36 percent jump in net ptofit to $1.8 billion for the three-month period ended August 31, 2011, on account of strong sales from its core software business. Operating cash flow increased this quarter to $5.4 billion, up $1.6 billion from $3.8 billion in Q1 of last year,” Oracle President and CFO Safra Catz said. “Our high-end server business -Exadata, Exalogic, and SPARC M-Series - delivered solid double-digit revenue growth in Q1,” the company said.