Oracle reports an increase of 80% in 3rd-quarter net; firm sales of Internet software a factor

Article Abstract:

Oracle Corp.'s 3rd-quarter earnings exceeded expectations, aided by sales of database and Web application software. Profit margins also increased, thanks to steps toward the goal of cutting expenses by $1 billion. Database software sales were up 32 percent, to $778 million, while total applications software sales were up 35 percent, to $199 million.

Internet/Web database software, Internet database software

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Oracle's results for quarter beat Wall St. estimates

Article Abstract:

Oracle Corp.'s results for the fiscal first-quarter have beaten estimates by Wall Street. Earnings grew to $501 million for the quarter ending Aug. 31, 2000, more than doubling last year's figure of $237 million for the same period. Revenue saw an increase of 14% to $2.26 billion. Wall Street estimates had the company share-value forecast at 13 cents and the shares are worth 17 cents.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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Surprise hurts Oracle Systems

Article Abstract:

Oracle Systems Corp will post earnings per share of 18 cents for its quarter ended Feb 28, 1990 on earnings of $24.3 million. Six days before announcing the earnings, Oracle told financial analysts that earnings per share would be between 23 and 25 cents per share. Wall Street responded to the news of the actual earnings by dumping a record number of shares in the company, resulting in a drop of $7.875 per share to $17.50 on Mar 29, 1990. Oracle attributes the lower earnings to $15 million in sales disallowed by auditors on Mar 23. Because software contracts at Oracle are sold on a trial basis, there is some question about when a sale can be counted. Oracle says the confusion has been resolved, and this will be the only quarter affected. Analysts are beginning to question the quality of Oracle's management: there has been an increase in accounts receivable and rumors of quality control problems.

Analysis, Stock-exchange, Stock exchanges, column, Computer Software Industry, Stock, Financial Stability

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