Oracle Delivers An Upbeat Forecast - InformationWeek

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9/12/2003
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Oracle Delivers An Upbeat Forecast

Despite a "slow start" for its fiscal year, Oracle execs said last week they see improvement in the economy and expect a strong fiscal year. "We stumbled some with execution issues getting started in the first quarter, which is not untypical," says Jeff Henley, executive VP and CFO. "We'll make it up in the second quarter."

Oracle posted net income of $440 million on revenue of $2.1 billion for its first quarter, compared with net income of $343 million on revenue of $2 billion in the year-ago quarter. New software license sales were down 7% to $525 million.

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