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Oracle's revenue grew at a moderate 12.9% pace in its secondquarter, reaching $2.32 billion for the period ended Nov.
30. But profitability soared 40% to $384.5 million--the
payback from Oracle's ongoing efforts to cut $1 billion from
its cost structure by implementing its own Internet
applications, according to company executives.
Oracle reported that total software license revenue grew 18%
during the same period one year earlier. CEO Larry Ellison
has says he expects software license revenue in fiscal 2000
will exceed last year's 16% growth rate. Database sales
increased 17% to $651 million, while application software
sales grew 31% to $168 million.
The applications category includes Oracle's customer-
relationship management software, sales of which grew 300%
in the quarter to $49 million. Ellison says Oracle has
several big customer wins for its CRM applications within
European companies that use SAP enterprise resource planning
applications, although those deals have not been announced
and were not included in the second-quarter results.
While the pace of software license sales picked up in the
second quarter, the rate of service-related revenue was down
from the first quarter's 16% growth rate. Service-related
revenue increased 10% in the most recent quarter to $1.4
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