Oracle's revenue was flat year-over-year in its fourth quarter at $10.9 billion, while profits rose 10 percent to $3.8 billion, as the company reported strong growth in sales for SaaS (software as a service) subscriptions and "engineered systems" such as Exadata.
Demand for mainframe and high-performance Unix servers is falling, but a new wave of SPARC and IBM Power chips for the servers will be unwrapped at the Hot Chips conference in late August.
Oracle fixed a number of critical security flaws in Java with the latest update, but it's still too slow to patch and attackers will continue to take advantage.
Many eyes in the tech world will fall on Oracle later this week, when the vendor's fourth-quarter results are set for release. This is typically the biggest reporting period for Oracle each year in terms of revenue, but a number of questions loom beyond its top-line performance.
Oracle has announced the availability of Java Platform Enterprise Edition 7, a release that brings new capabilities for HTML5-based application development to the framework.
SAP is buying privately held Hybris in a bid to build out an e-commerce software offering that connects with customers across multiple "channels, devices and touch points."
Oracle, which acquired Java with the purchase of Sun Microsystems in 2010, has been criticized for moving too slowly to stop Java exploits.
Oracle plans to make changes to strengthen the security of Java, including fixing its certificate revocation checking feature, preventing unsigned applets from being executed by default and adding centralized management options with whitelisting capabilities for enterprise environments.
Nearly three dozen computer scientists have signed off on a court brief opposing Oracle's effort to copyright its Java APIs, a move they say would hold back the computer industry and deny affordable technology to end users.
Microsoft has responded to a high-profile put-down by Google CEO Larry Page, but Oracle, at least for now, won't be drawn into a public fight with the executive.