Oracle has rushed out its latest set of full-year financial results, with rocketing profits at the firm, as rumours circulate that its US head of sales is set to leave, after he bad-mouthed hardware business and president Mark Hurd.
Oracle reported that sales for its latest financial year inched up four per cent from 2011, at $37.1bn. Profits meanwhile spiralled 17 per cent year-on-year, to $10bn.
“Our record-breaking fourth quarter featured several all-time highs for Oracle: new software license sales of $4bn, total software revenue of $8bn [and] total revenue of $11bn,” said Oracle chief financial officer Safra Catz in a statement.
While Oracle was keen to put a gloss on the figures – which had been expected to be published later in the week - the results also give Oracle's management pause for thought.
Revenues for its fourth quarter, ending 31 May 2012, were up a measly one per cent year-on-year. More worryingly for Oracle, it's hardware business continues to struggle.
Full year sales for its hardware business slumped by 13 per cent to $3.8bn. Hardware support revenues were also down by three per cent to $2.4bn.
Those results took some of the shine off Oracle's thriving software business. But the disappointing hardware results were given added significance following widely-reported rumours that Oracle's US sales chief Keith Block has left the company.
Arch rival HP had recently published the details of an instant messaging conversation Block had with an Oracle colleague, in which he heavily criticised company president Mark Hurd.
Block was furious that Hurd wanted sales staff to concentrate on selling Sun hardware, calling the products “the dog”.
HP had obtained the IM conversation as a part of its legal battle with Oracle over Itanium.
Oracle were unable to comment at the time of publication.
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