Oracle Still On The Up

Oracle Announce 48% Increase in Total Revenues for Fiscal 2011 Q1

September 20, 2010 Jessica Thornsby

#acquisition #fiscal #java #oracle #sun

We will invest over $4 billion in research and development this year, so our already robust product portfolio is only going to get stronger, said Oracle President, Mark Hurd.

Oracle have reported a 48% increase in total revenues for fiscal 2011 Q1 GAAP, bringing the total to $7.5 billion. Meanwhile, non-GAAP total revenues are up 50% to $7.6 billion.

And Oracle are optimistic about the future: “Next week at Oracle OpenWorld we will announce two new high-end systems that combine Sun hardware with Oracle software,” said Oracle President, Mark Hurd. “We will invest over $4 billion in research and development this year, so our already robust product portfolio is only going to get stronger.”

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