A Bright Spot In Another Down Quarter For Oracle

Monday Dec 23rd 2002 by DatabaseJournal.com Staff
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Oracle's sales and earnings continued to shrink in its second quarter. But a rebound in database-software sales and growing license-update revenue finds Oracle execs confident that they're on the brink of resuming sales growth.

[From Information Week]

Oracle's sales and earnings continued to shrink in its second quarter. But a rebound in database-software sales and growing license-update revenue finds Oracle execs confident that they're on the brink of resuming sales growth.

This is the seventh quarter that Oracle has reported shrinking revenue. But the company may have bottomed out in the third and fourth quarters of fiscal 2002 when sales dropped 16% year over year. For the current quarter, Oracle expects 0% to 4% revenue growth, with earnings of 9 to 10 cents per share.

Oracle is also restructuring its sales force, creating separate organizations that focus on technology software (database and app-server products) and applications.

The article continues at http://www.informationweek.com/news/IWK20021218S0010.


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