Oracle posts record profit for quarter; shares lead advance by data base stocks

Article Abstract:

Leading database software vendor Oracle Corp reports 1st qtr FY 1994 profits of $37.4 million or $0.25 a share, triple its pre-charge 1st qtr FY 1993 profits of $10 million, on revenues of $398.1 million, up 30 percent from $306.9 million in 1st qtr FY 1993. The stock market responds by bidding Oracle shares up $3.875 to $58.625 in Nasdaq trading, after having sold the stock short in Aug 1993 following a Datamation trade magazine report that Microsoft Corp would resort to cut-throat pricing to promote its competing relational database management software product. Pres and CEO Lawrence J. Ellison says Oracle's strong 1st qtr performance results from the technical quality of its Oracle 7 database product, much in demand by firms downsizing mission-critical financial application from mainframe to client/server systems. Industry analysts also point to Oracle's wide range of products and excellent customer service, which may allow it to become the IBM of the 1990s.

Computer integrated systems design, Oracle Corp., ORCL, Growth (Physiology), Revenue, Growth, Increase, Price, Financial Report, First Quarter

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Microsoft net is up; Lotus falls

Article Abstract:

Microsoft Corp reports gains in revenues and earnings, and Lotus Development Corp reports declining earnings and flat sales. Microsoft's stock closes at $54.625, down $1.875, and Lotus's stock closes at $14.375, up $1.625. Lotus is apparently helped by two announcements: the company expects an increase in profits in 4th qtr 1990, and the company plans to repurchase as many as 5 million shares of its outstanding common stock. Microsoft's earnings for the 3rd qtr are 71 cents a share, or $87.6 million, up 76 percent from 43 cents a share, or $49.6 million, in 3rd qtr 1989. Revenues are up 57 percent, to $369.4 million, from $235.2 million in the 3rd qtr of 1989. Lotus's 3rd qtr earnings are 20 cents a share, or $8.6 million, compared to $23 million, or 54 cents a share, it earned in the same period in 1989. Revenues are up 2 percent, to $157.4 million, from $153.9 million in 3rd qtr 1989.

Microsoft Corp., MSFT, Lotus Development Corp., LOTS, Computer Software Industry

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Ashton-Tate plans layoffs; operating loss may rise

Article Abstract:

Ashton-Tate announces a plan to lay off 15 percent of its employees and institute other measures to cut costs. The company also announces a two-version marketing strategy for dBase IV 1.1. The DBMS will be released in a version for single users on low-power microcomputers and in a file server version for local area networks (LANs) with SQL Server. Reduced revenues and other costs, including severance, could result in a loss greater than the last qtr's loss. Share prices fell 75 cents, a relatively small drop probably attributable to Ashton-Tate's previously announced 2nd qtr loss and investor optimism that cost cutting measures would restore profitability.

Computer maintenance & repair, Marketing, Layoffs, Layoff, Marketing Strategy, Losses, Ashton-Tate Corp., Borland dBASE IV 1.1 (DBMS)

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