Compaq sees need for new partners
In the US Compaq has said it's looking for new types of companies to partner with. The hardware vendor has mainly partnered with software vendors such as SAP and Oracle as well as service providers like America Online and Digital Island. A spokesman said Compaq's "next-generation partners" will include e-commerce-centric companies like Commerce One and CMGI, as well as Internet telephony companies.
Oracle's Q1 income hits $US501m
Oracle last week reported strong first-quarter financial results, continuing a stretch of healthy revenue and profit growth in most of its main businesses.
Revenue grew to $US2.3 billion, compared to $2.0 billion a year ago. Net income soared 111 per cent to $501 million, compared to $237 million a year ago. Earnings per share were $0.17 compared to $0.08 a year ago.
Revenue for the company's flagship database rebounded strongly compared to the slower-than-expected growth of the fourth quarter. Compared to a year ago, database sales grew 32 per cent to $585 million. Sales of applications software continued strong, up 42 per cent from a year ago to $156 million.
The company also announced a two-for-one stock split, its tenth since the company's initial public offering in March 1986.
Red Hat revenue up 76pc
In more financial news, Red Hat - one of the leading Linux operating systems vendors - has announced strong second-quarter results with revenue increasing 76 per cent year-over-year.
For the quarter ending August 31, 2000, the vendor reported revenue of $US18.5 million and an increase in gross margins of 58 per cent. These figures beat $10.5 million in revenue for the same period last year.
Red Hat reported an adjusted net loss for the second quarter of fiscal 2001 of $1.9 million or negative earnings per share of $0.01 per share. Seven analysts polled by First Call/Thomson Financial pegged the negative earnings per share at $0.02 for the quarter.
The Linux vendor met its revenue growth goals and continues to improve operating efficiency, Matthew Szulik, Red Hat chief executive officer and president, said in a company statement.
The vendor also highlighted a number of acquisitions and partnerships made during the past quarter as reasons behind its continued growth.