by CIO Staff

Oracle’s Asian Revenue Tops $2B for First Time

Jul 05, 20062 mins
IT Leadership

Oracle’s Asian revenue topped US$2 billion for the first time during its most recent fiscal year, a company spokeswoman said.

The database and application provider said Tuesday that revenue from the Asia-Pacific region, including Japan, totaled $2.02 billion during the company’s 2006 fiscal year, which ended on May 31. That figure represents an 18 percent increase over the previous year, it said. For the company’s fiscal fourth quarter, Oracle reported revenue of $684 million, an increase of 27 percent over the previous year.

This is the first time Oracle’s Asian revenue has passed the $2 billion mark, said Cho Chi Hea, a company spokeswoman in Singapore. “The increase came mostly from organic growth,” she said, noting revenue from recent acquisitions had less of an impact in Asia than in the United States.

In June, Oracle announced what executives termed “record” financial results for the company. The company reported net income of $3.4 billion on revenue of $14.4 billion. Discounting recent acquisitions, Oracle’s net income was $4.2 billion and revenue was $14.8 billion.

New application license revenue in Asia rose 69 percent, while revenue from new database and middleware licenses rose 13 percent over the previous year, Oracle said. The region accounted for roughly 14 percent of the company’s worldwide revenue and 19 percent of new license revenue.

-Sumner Lemon, IDG News Service (Beijing Bureau)

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