Oracle's earnings exceed expectations
Article Abstract:
Oracle Corp announced higher-than-expected 1st qtr 1998 profits of $195 million, up from $8.5 million in 1st qtr 1997. Net income rose 30% if one-time acquisition charges were taken out, and total revenues increased 28% to $1.7 billion. Database revenue grew 17% worldwide in 1st qtr, and 23% in Oracle's Americas division. Oracle's Asia revenues decreased 14% because of currency devaluations, but were up 7% if currency changes were excluded. Global sales of applications tools were static, and revenues from programming tools declined 12%. The company will announce internet-friendly Oracle8i with Java support on Sep 14, 1998.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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US adds to case vs. Microsoft and Gates
Article Abstract:
Microsoft Corp. has been accused of illegally pressuring Intel Corp., Apple Computer Inc. and other companies to limit competition and withdraw technology. The US Department of Justice has joined with 20 states in adding this new charge to the already pending antitrust suit against Microsoft and Chairman Bill Gates. The government also has charged that Microsoft attempted to collude with Netscape Communications Corp. in dividing up the software market for the Internet. Microsoft also was accused of trying to limit the distribution of Internet video technology produced by RealNetworks Inc.
Comment:
Has been accused by Justice Dept. of illegal coercion against Intel Corp., Apple Computer Inc. and other companies
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Oracle's fourth-quarter net rose 12%, boosted by database-softaware business
Article Abstract:
Oracle Corp. said net income for the period ending May 31 rose 12% to $403 million or 41 cents a diluted share, from $360 million or 36 cents, in the year-earlier period. Oracle is enjoying rebounding demand fo its database software and services. "The database business has definitely come back and is doing well," said Jeffrey Henley, Oracle's executive vice president and chief financial officer.
Comment:
Oracle Corp. fourth-quarter net income rose 12% to $403 million, from $360 million in the year-earlier period
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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