Oracle has reported that new licence revenues for its
key database and middleware products were almost flat in the last
quarter – and immediately suffered a 5% slump in its share price
yesterday.
For the quarter ended 31 August, Oracle said new licence
revenues for database and middleware products were up just 1% to
$492m (£289m), and that business in Europe was particularly
weak.
Larry Ellison, Oracle chief executive officer, said that while
year-on-year comparisons showed a big slip, the underlying rise in
database sales was still around 10% compared with previous
quarters.
This year, Oracle has completed the acquisition of PeopleSoft,
bought retail software specialist Retek, and recently announced it
was spending almost $6bn to take control of Siebel Systems.
