The Economy Gives Oracle a Slight Haircut
June 29, 2009 Timothy Prickett Morgan
The continuing lethargy in the global economy put pressure on revenues and profits at software giant and perhaps soon hardware vendor Oracle in its latest quarter, but the numbers are not as bad as some IT vendors have shown. That is for sure, and a testament to the mini-monopolies that Oracle has been able to build for itself over the years. In the fourth quarter of fiscal 2009 ended May 31, Oracle’s revenues were $6.86 billion, down 5 percent from the year-ago period. Not surprisingly, new software license sales in the quarter fell by 13 percent to $2.74 billion, but |