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Oracle sales down as businesses tighten belts

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Oracle sales down as businesses tighten belts Posted: Sep 17, 2009 6:26 AM
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This post originated from an RSS feed registered with Java Buzz by Angsuman Chakraborty.
Original Post: Oracle sales down as businesses tighten belts
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SAN FRANCISCO - Business software maker Oracle reported a 5 percent decline in quarterly revenue Wednesday as businesses held off on buying new software. The Silicon Valley company said its sales dropped to $5.1 billion, but the company managed to increase profits by 8 percent to $1.1 billion, compared to $1.07 billion in the year-ago quarter. [...]

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