Despite its inclination to traditionally thrive on a moderate amount of controversy and to fly a number of trial balloons, Oracle, has also been a practical company, often modifying its strategy and adopting a tack that would work better. Thus, while Oracle's declining revenue and profit are painfully noted, the company has been taking some long overdue moves to appease its customers and to play fair with the competition. Time will only tell, however, whether Oracle has used these slower economic times to get its act together and to position itself for the its future revival.
product support peoplesoft oracle
software license renewals and product support services were up 8% and 12%, respectively. Services revenue was flat with the prior year. Even worse news, however, came with the application license revenues for the quarter being $163.1 million, a 42% decrease from $279.3 million a year ago (See Figure 1), which caused the management to openly recant the expectation that it would meet its sales goals for the rest of the year. The database business a was cry far from being a savior either - database license