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Article: Oracle falls back on services.
- Article from:
- Information Age (London, UK)
- Article date:
- October 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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There is an obvious lifeboat for a mature software vendor when sales growth makes a sharp turn south - services activities. And database and business applications software vendor Oracle has planted both feet firmly in that lifeboat.
In the company's first fiscal quarter for 2003, ending 31 August, only 28% of its $2.28 billion in revenues were derived from new software sales; the remaining 72% flowed from maintenance, support, consulting, hosting and education services. Indeed, for the first time in the company's history, quarterly maintenance revenues (pre-paid for patches and upgrades) actually outweighed licence sales.
Despite the shift, that services ...