Oracle Q1's show diversity of performance

Oracle’s Q1’s for fiscal 2012 (period ending August 31 2011) were well received when they were reported earlier this week (see Oracle surprises with strong EMEA performance in Q1) - as they should be given that revenue was up 12% to $8.4bn, operating margin was 32% and net income up 36% to $1.8bn. But when you look at the detail it is clear there is diversity of performance within the business, particularly between database and middleware, and applications. Subscribers can read our analysis here.