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Article: Currency Plays Havoc with Oracle's Numbers.
- Article from:
- Linux Gram
- Article date:
- December 22, 2009
CopyrightCOPYRIGHT 2009 G2 Computer Intelligence. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The strengthening dollar played havoc with Oracle's fiscal second quarter, which spanned the ugly months of September through November when the recession took hold.
The company, which gets over half its business from overseas, earned close to $1.3 billion, 25 cents a share, down 1%, on revenues up 6% to $5.61 billion. It lost four cents a share to exchange rates. In constant currency, revenue would have been up 12%.
On a non-GAPP basis, it cleared $1.7 billion, 34 cents a share, on revenues of $5.7 billion. The Street thought it could do 35 cents on $5.8 billion.
On a GAPP basis, software revenue was up 8% to $4.5 billion, new software licenses ...