Oracle's Americas revenues jump 37% in fiscal Q3

Friday, March 25, 2011

Oracle's (Nasdaq: ORCL) Americas revenues surged 37% year-on-year in fiscal 3Q11, ended February 28, hitting US$4.51bn, the company announced in a release.

The Americas region during the quarter represented 48.5% of global revenues, which came in at US$8.38bn, a 37% boost from the year-ago quarter. Of the total, software revenues represented the largest piece of the pie at US$5.95bn, up 18.7%, while hardware systems rocketed 263% to US$1.66bn and services increased 23.1% to US$1.15bn.

Meanwhile, global net profits for fiscal Q3 surged 78% year-on-year to US$2.12bn.

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Oracle said that at the end of the quarter, 45,825 of its total 107,870 employees were from the Americas region - up 2.8% from the end of fiscal 3Q10.

Use this link to see the full financial report.

The Latin American division of Oracle is looking to capture mobile software business opportunities in the banking, retail, government and telecommunications industries, Oracle's manufacturing and distribution VP for the region, André Papaleo, said previously.