All Things Digital

Skip to main content.

Advertisement

brought to you by The Wall Street Journal

All posts tagged ‘forecast’

Wednesday, March 26, 2008

Oracle Q3 About as Successful as CEO’s America’s Cup Bid

ellison.jpg

Oracle CEO Larry Ellison is a little lighter in the wallet today–about $2 billion lighter–thanks to a third quarter sales miss that sent the company’s shares down some 8% in after-hours trading.

Oracle (ORCL) posted a 30% increase in profits and a 21% increase in revenue, both in line with expectations. But a 16% rise in sales of new software that came in on the low end of its January forecast spooked investors who believed Oracle to be immune to the economic slowdown.

“A lot of investors had bought the stock in anticipation of a strong quarter,” said Avian Securities analyst Jeff Gaggin. “The applications business was definitely disappointing.”

Advertisement

About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.

Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

Read more »

alt.misc

Older at alt.misc »