Oracle's Asian revenue tops $2bn for first time

Oracle's Asian revenue tops $2bn for first time

Oracle's Asian revenue topped $2 billion for the first time during it's most recent fiscal year.

Oracle's Asian revenue has topped $US2 billion for the first time during its most recent fiscal year, according to a company spokesperson.

The database and application provider said that revenue from the Asia-Pacific region, including Japan, totalled $US2.02 billion during the company's 2006 fiscal year, which ended on May 31. That figure represents an 18 per cent increase over the previous year, it said. For the company's fiscal fourth quarter, Oracle reported revenue of $US684 million, an increase of 27 per cent over the previous year.

This is the first time Oracle's Asian revenue had passed the $US2 billion mark, a company spokesperson in Singapore, Cho Chi Hea, said. "The increase came mostly from organic growth," she said, noting revenue from recent acquisitions had less of an impact in Asia than in the U.S.

In June, Oracle announced what executives termed record financial results for the company. The company reported net income of $US3.4 billion on revenue of $US14.4 billion. Discounting recent acquisitions, Oracle's net income was $US4.2 billion and revenue was $US14.8 billion.

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

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