Thursday, December 20, 2007

Business Technology : Can Larry Ellison Keep it Up?

Larry Ellison is having a pretty good week (the Boston Globe article referenced in the next post also notes, for example, that "Having bankrolled NetSuite in its early days, Ellison owns a 54.5 percent stake, worth $844 million").

Oracle recorded $5.3 billion in revenue in the second quarter of its fiscal 2008, up 28% from the $4.2 billion it made in the same quarter last year. Net income rose 35% to $1.3 billion from $967 million the year-ago quarter. There don’t seem to be any obvious signs of weakness: New software licenses, a key metric for the company, grew 38% to $1.67 billion, and U.S. sales were strong despite gloom and doom tech-spending forecasts – although those forecasts may be more of a warning sign for future quarters. Oracle’s stock was up almost 5% in after-hours trading.

Business Technology : Can Larry Ellison Keep it Up?

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