Another impressive set of results, given the global economic melt-down – and a case study on the robustness of a diversified business model
Oracle Corp.'s earnings are weakening for the first time in years, but the business software maker still may be in reasonably good shape despite the economy's terrible condition.
After buying dozens of smaller rivals since 2004, Oracle has assembled a lucrative line of recurring revenue from product updates to help tide it over even if its sales of new software licenses deteriorate in the deepening recession.
Oracle's maintenance contracts account for about half of its business, generating more than $11 billion in annual revenue — a cushion that so for has enabled Oracle to avoid the mass layoffs and other austerity measures being imposed at many other technology companies.
Oracle still looks strong despite 2Q earnings dip (AP) by AP: Yahoo! Tech
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