Software licensing drove a healthy increase in revenue for Oracle during its fourth quarter.
For the quarter, which ended May 31, the enterprise software giant reported revenue of $7.24 billion, up 24 percent from the same period a year earlier. During that three-month period, revenue from new software licenses rose 27 percent to $3.14 billion, and revenue from software license updates and product support rose 25 percent to $2.83 billion.
Revenue from services also was on the increase, though not by quite as much. It was up 18 percent, to $1.26 billion.
Oracle said that its net income for May quarter was $2.04 billion, or 39 cents per diluted share, a jump of 27 percent.
In April, Oracle completed its $6.7 billion acquisition of BEA Systems.
In May, Forbes reported that Oracle CEO Larry Ellison was the best-remunerated executive in the tech sector--and overall--with a total 2007 compensation package valued at $192.9 million.
I've been mentioning Larry Rosen's Open Software License (OSL) off and on over the last few weeks.
But today I decided to give OSL a deep dive in light of the failure of General Public License (GPL) version 3 to protect software developers from network distribution of their works and the success of the Common Public Attribution License (CPAL) in protecting these same developers by calling out network distribution.
The OSL works because, like the GPL, it's concerned with contributions, not credit (i.e., attribution). Ultimately, this is what a strong open-source license should provide. It's the best protection of freedom and, let's be frank, revenue.
The OSL is, in my opinion, one of the best licenses for the 21st century. Here's why.
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