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Article: Ominous Oracle.(Brief Article)
- Article from:
- Information Age (London, UK)
- Article date:
- May 10, 2002
CopyrightCOPYRIGHT 2002 Information Age Media Ltd. 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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Database and applications giant Oracle endured a further fall in both revenue and net income in its latest quarter. Revenues for the third quarter of 2002 fell 17% to $2.2 billion, compared with $2.7 billion for the same period in 2001. Net income dropped 13% to $508 million, down from $582.7 million the year before.
Licence revenue fell in both applications - traditionally Oracle's strongest growth area - and databases, where revenue dropped for the fourth consecutive quarter. Overall licence revenues ...