Oracle's claims its new-found hardware business is growing faster than anticipated as its first-quarter results show a healthy spike in sales and profit.
For the three months to the end of August, GAAP revenue was up 48 per cent annually to $7.5bn (£4.8bn), while operating income rose 10 per cent to $1.9bn. The vendor claims its core software business continues to excel, with new licence sales growing 25 per cent year on year.
Oracle president Safra Catz said: “Our hardware business also grew faster than we expected with Sun Solaris servers and Exadata leading the way.”
Mark Hurd, a recent appointment as president, revealed that his new employer will unveil two high-end offerings that combine Sun and Oracle technology at the Oracle OpenWorld event in San Francisco next week.
“We will invest more than $4bn in research and development this year, so our already robust product portfolio is only going to get stronger," he added.
Chief executive Larry Ellison claimed the pipeline for Exadata business is now worth $1.5bn for the full year.
“Our Exadata database machine continued to win new customers in Q1,” he said.
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