Oracle Reports over $700 million in Hardware Revenue
Oracle reported more good news, a 4% year over year gain in its third quarter fiscal 2014 earnings. The total revenue coming in was estimated to be around $9.3 billion. Of this, around $725 million was attributed to hardware systems products. This was Oracle’s first ever year over year revenue growth for Oracle’s hardware unit after it took over Sun Microsystems in January 2010.
The sale of hardware revenue witnessed an 8% year over year increase. Among the hardware product, the Engineered System Category witnessed the biggest revenue growth of more than 30%.
Oracle, whose cloud applications business has done well in the recent past and been a major source of profits, thinks that the demand for integration of hardware and software by customers is what’s working in favor of Oracle.
Right now, we have companies like Hewlett Packard and Dell increasingly investing in cloud computing and thinking beyond hardware to increase profit margins. Oracle though, seems to be outdoing its rivals by having a solid approach that is paying good dividends.
Oracle also introduced the ZS3-BA recently (click here for more info), an appliance that is data protection appliance and is claimed to be much more faster than and cost efficient than many rival competing systems. With Oracle in line to deliver its 10,000th engineered system, Oracle is dominant in a market where server industry trends show that server growth is in a decline.