Wednesday, June 16, 2004

WSJ.com - Oracle Profit Rises As Margin Grows

WSJ.com - Oracle Profit Rises As Margin Grows: "The end of Oracle's fiscal year is traditionally its strongest season as sales representatives scurry to hit targets and secure bonuses. New software-license revenue increased nearly 11% to $1.31 billion from $1.19 billion last year. But strong sales of database systems, where the company is a market leader, masked a weaker performance for its line of business-applications software, such as financial- and human-resource-management systems, where Oracle is No. 3 behind SAP AG and PeopleSoft Inc. New sales of database systems were up 15%, or 11% when the effect of currency conversions are included. New license sales for applications fell by 6%, or 9% in constant currency."
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