On December 14, Oracle Corporation announced record second quarter results for the period ended November 30, 1999. For the quarter, net income increased 40% to $384 million, or $0.26 per share, while total revenue grew to $2.3 billion. This compares to net income of $274 million, or $0.19 per share, and revenue of $2.1 billion for the same period a year ago.
database software giant said net income for the quarter, ended Nov. 30, rose 40 percent to $384 million, or 26 cents a diluted share, compared with $274 million, or 19 cents a share in the same period last year. Securities analysts were officially predicting Oracle would earn 22 cents a share, according to First Call Corp., although many had quietly raised their estimates a few pennies after an upbeat briefing Nov. 16 by Oracle executives. Revenue increased to $2.3 billion in the quarter, compared with