Oracle share price falls as new licence sales flatline

Antony Savvas

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.

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