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Oracle beats forecast despite drop in profit

Business | Information industry
2009-6-25

SOFTWARE maker Oracle Corp's results for its latest quarter topped Wall Street's forecast on Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit. The firm blamed the declines on a stronger...

Oracle gets Sun after IBM failure

Business | Information industry
2009-4-21

ORACLE Corp pounced on Sun Microsystems Inc in a US$7.4 billion deal yesterday after rival IBM Corp abandoned its bid to buy Sun, a server and software maker that had a 27-year run as Silicon Valley's brash independent. ...

Wild dollar fluctuations distort Oracle's profit

Business | Information industry
2008-12-20

ORACLE Corp's quarterly profit slipped for the first time in three years as a stronger dollar hobbled its international sales, but the business software maker reassured investors by predicting it should still thrive...

Software firms bow to demands for discounts

Business | Information industry
2008-10-24

ORACLE Corp, SAP AG and competing software makers are bowing to customer demands for discounts of as much as 15 percent to keep contracts as the economy sours. While technology buyers rarely pay list prices, managers...

Oracle forecasts a drop in growth

Business
2008-9-19

ORACLE Corp, the software maker whose international orders buoyed revenue this year, may report smaller growth in sales of new programs after the US dollar advanced and European clients curbed spending. Sales of...

Wall St tumbles as Oracle hits tech, banks drag

Business | Securities
2008-3-28

US stocks fell for a second day yesterday as soft results from technology bellwether Oracle Corp fed worry about a cutback in business spending, while bank shares fell on fears of another major casualty in the sector....

Energy companies power US stocks' rise

Business | Securities
2007-12-24

UNITED States stocks rose for the third time in four weeks, led by energy companies, as higher consumer spending and the Federal Reserve's efforts to give cash to banks spurred speculation the economy will keep expanding. ...

Oracle has BEA target

Business | Information industry
2007-10-13

ORACLE Corp, the most acquisitive company in the software industry, has offered to buy BEA Systems Inc for about US$6.7 billion. The aim is to add programs that connect server computers, Bloomberg News reported. ...

Oracle sees future in Shanghai

Business | Information industry
2007-7-31

ORACLE Corp has established a research center in Shanghai, its third in China. Oracle plans to open more branch offices in second- and third-tier cities, the company said yesterday. The new facility, the Oracle...

Oracle may have to speed up its acquisitions to meet sales goal

Business | Information industry
2007-6-27

ORACLE Corp Chief Executive Officer Larry Ellison has averaged one acquisition a month for more than two years, the industry's biggest shopping spree. He may have to pick up that pace to meet his latest sales...