Tag: profit

Oracle revenue as flat as a pancake

food-drink_02_temp-1424101497-54e21079-620x348Oracle had a disappointing third quarter with revenue as flat as a Paris supermodel and lower profit as the US dollar strengthened.

To put some shine on the gloom for investors, Oracle raised its quarterly dividend 25 percent to 15 cents a share.

As a result shares of Oracle initially fell but quickly rose 3.3 percent in after-hours trading to $43.20.

The database company reported sales of $9.3 billion, the same as the quarter a year ago. Oracle said revenue for the fiscal third quarter would have risen 6 percent without the impact of unfavorable currency rates.

The cocaine nose jobs of Wall Street had expected $9.46 billion.

Oracle has been pressing ahead on its glorious quest to make computers out of clouds.

Oracle said its cloud-computing software and platform service revenue rose 30 percent to $372 million, an area keenly watched by investors as Oracle tries to migrate its business toward a remote, Internet-enabled model.

Analysts say that the plan is turning out OK, and certainly not as bad as they had expected.
Oracle’s net profit fell slightly to $2.49 billion from $2.56 billion in the year-ago quarter.


Sony makes more money

sony_logo_720Sony seems to be starting to recover from its period of falling profits and woe.

The Japanese consumer electronics maker said its official third-quarter operating profit was $1.5 billion, up 2.2 percent from what it thought it would get last month.

Apparently there was a boost to the bottom line by strong sales of sensors and videogames it also has been cutting back and looking down the back of the sofa for the odd penny or two.

Sony said that its earlier estimate wasn’t final, as Sony had not yet compiled accurate data for its Hollywood movie studio after a massive hack into its computer systems. On February.4 Sony said third-quarter operating profit was nearly double year-earlier and a sign that its nadgers were out of the fire and had an ice pack placed on them.

Sony said that including official results for the movie studio, quarterly revenue rose 6.5 percent from a year earlier.

Forecasts for the full-year ending March 31 were unchanged.

Sony shares have risen more than 30 percent so far this year on hopes of a turnaround, following a program of massive cuts in unprofitable segments and targeted expansion in lucrative areas such as sensors for smartphone cameras.