Oracle said growth in license revenues helped it bring in a profit of $617 million, for its second fiscal quarter, up 15 percent over the same time last year.
The results were helped in part by the weaker dollar, which has been a boost to other global technology players in exchange rates overseas.
But overall, however, the chief financial officer of the database giant said the business climate is turning around for the technology sector.
Earnings per share were 12 cents compared with 10 cents the same period last year. For the three months ended Nov. 30th revenues were $2.5 billion, up 8 percent.
As a result of the improving economy, company officials have eased up their earnings expectations for the next quarter, though from 11 cents per share to 12 cents per share, thanks in part to the size of new contracts that are in the pipeline.
Company officials told analysts that they are more encouraged about the improvement in the sector than they have been for a few years.
WIRELESS AND MOBILE NEWS: Archives::
06.30: Teens Overule in Mobile Market - Saturation Point Soon, Says MultiMedia 2008.04.04: Velocity Mobile Launches New Smartphones in Q2 and Q3 2008
http://www.wirelessandmobilenews.com/archives.htmlHOME |
House price news, information and discussion - HousePriceCrash.co.uk::
But the upturn in prices will be quick, so if you sit and wait for mortgage Market Oracle believe that the crash will be led by the buy to let sector
http://housepricecrash.co.uk/HOME |
The Redwood Shores, Calif.-based maker of enterprise applications and
infrastructure software said new software license sales -- often viewed as the main indicator of how a company is performing -- came in at $849 million, up 13 percent over the same time last year.
Software license updates and product support revenues were up 17 percent to $1.11 million.
All major software product categories and geographic regions posted growth, said Oracle CFO Jeff Henley. The fastest growing sector for Oracle's applications business is outsourcing, which increased 82 percent in the quarter.
Second quarter operating margin was 37 percent, while operating cash flow in the first half of the fiscal year totaled $1.6 billion.
Lionbridge 2005: Challenges and Opportunities::
Q2-2004 financials from the publicly traded LSPs point to a continued improvement. Lionbridges Q2-2004 report (discussed later in this report), good results from
http://www.commonsenseadvisory.com/members/res_cgi.php/040930_R_lionbridge_2005.phpHOME |
MarketVVizards Market Thoughts::
The marked upturn in home prices is largely attributable to strong market perhaps rivaling a mini-crash, in 2004, probably at some point this summer.
http://www.suite101.com/discussion.cfm/investing/86836/1400-1499HOME |
Oracle CEO Larry Ellison said the company's total applications growth of 27 percent exceeded the growth rates of many of Oracle's competitors, including SAP, PeopleSoft, Lawson
and Siebel, in their most recent quarters.
Ellison also made it a point to compare his company's fiscal performance
with that of the combined PeopleSoft and J.D. Edwards entity with which
Oracle has been trying to acquire in a hostile merger attempt since June 6.
"For example, new license sales at the combined PeopleSoft and JD Edwards
company declined 18 percent as compared to their results when they were operating
as separate companies," said Ellison.
The U.S. Department of Justice and European Commission are currently
examining both sides of the Oracle/PeopleSoft deal to determine whether or
not the deal is in the best of interest of customers. PeopleSoft said
Oracle's proposal violates antitrust laws; Oracle alleged PeopleSoft is
acting in bad faith by dropping in an unofficial poison pill in the form of
a customer assurance program whose rules could tack on more than $800
million to the current Oracle bid of $7.3 billion.
Meanwhile, Oracle is pressing forward on its infrastructure software front,
rolling out its grid computing-oriented application and database server
strategy, 10g. The 10g application server was launched last Tuesday while
the next-generation database server will be available before the new year.
 IT Spending Still Sluggish as '03 Draws to a Close
 Bush Signs Can Spam Bill
| 
HOME