Fintech
News and insights for IT executives about the evolving financial world driven by fintech that increasingly includes digital payment technology, financial inclusivity, cryptocurrency, online banking, and more. Examines innovations that can emerge from startups yet may signal changes to incumbent financial institutions. This can include adoption of digital currencies, decentralized finance systems that can eliminate intermediaries, and the introduction of new regulatory policies in response.
Oracle executives think the worst is behind them. Good thing, because the company last week reported an 11% drop in sales from a year ago, including a 27% plunge in software license revenue. Profit also dropped, down 11.8% to $549.5 million.<P>Oracle (<a href="http://content.techweb.com/wire/finance/quotes/result?mode=quote&symbol=ORCL" target="_blank">ORCL</a>--Nasdaq) still expects license revenue to be down year over year in the third quarter, but not ...
