Friday, September 21, 2012

Oracle Earnings Meet he Street, As Profits Rise, Sales Drop - Arik Hesseldahl - News - AllThingsD

Excerpt from an Oracle earnings snapshot
"Oracle has been arguing that as it works on transitioning on the hardware business it absorbed when it acquired Sun Microsystems in 2010, sales will fall and profits will rise as it moves toward selling fewer products that command higher profit margins. As CEO Larry Ellison put in an interview at D: All Things Digital in May: “Sales are going down in hardware, but the unprofitable part is going away. Our margins are the highest of anyone in the server business. The sales are down 20 percent, but the profits are up.”"
Oracle Earnings Meet he Street, As Profits Rise, Sales Drop - Arik Hesseldahl - News - AllThingsD
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