Oracle Sails Despite Market’s Low Tide; How Far Will It Go?
P.J. Jakovljevic - January 12, 2001

Event Summary

In December, Oracle Corporation, the largest database provider and one of the largest providers of software applications for e-business, announced that second quarter net income increased 62% to $623 million, while revenue grew 14.5% to $2.7 billion. This compares to $2.3 billion in revenue and $384 million in net income in Q2 last year. Applications software sales increased 66% to $279 million, while database software sales grew 19% to $775 million. Total software license revenue was up 25% to $1.1 billion, while total service revenue increased 9% to $1.5 billion for the quarter (See Figure 1)...