Oracle Mends Its Ways To Bounce Back
P.J. Jakovljevic - January 7, 2002

Event Summary

On December 13, Oracle Corporation (NASDAQ: ORCL), the largest database provider and one of the largest providers of software applications for e-business, announced Q2 2002 revenues of $2.4 billion and net income of $549 million, which represent 11% and 12% respective drops compared to $2.7 billion and $623 million a year ago. Even operating margins were lower, 35% versus 36% last year, despite Oracle's efficient cost curbing mechanism, and much publicized operating efficiencies improvements from its strategy to switch to single corporate-wide database. Total software license revenues were down 27% to $803.4 million from $1,093.2 million in Q2 2001, while software license renewals and product support services were up 8% and 12%, respectively. Services revenue was flat with the prior year...