Oracle manages 3Q feat: healthy contract signings

04/19/2009 05:12 am ET | Updated May 25, 2011
  • Green

Oracle Corp.'s sales force pulled off a big feat in the business software maker's latest quarter, sustaining a healthy clip of contract signings amid a dreary time for technology spending. Oracle also surprised investors by declaring its first dividend, a rare sign of confidence that comes as other bellwethers are cutting or suspending their dividends to save money. Oracle's chief executive, Larry Ellison, called the numbers a " tremendous achievement in the face of the serious slowdown in the world economy.. 2

Oracle (ORCL) shares today have rallied impressively following last night's better-than-expected results for its fiscal third quarter ended in February. The analysts who track the stock were generally impressed with the numbers ; I would note that is the same crew that had been cutting expectations heading into the quarter. 3

Oracle is set to release two highly anticipated products within the next several months -- Oracle Database 11g Release 2 and Oracle Fusion Middleware 11g -- President Charles Phillips revealed during the vendor's third-quarter earnings call Wednesday. Only a small percentage of Oracle's customers are using RAC right now, providing a major growth opportunity for the vendor, according to Phillips. 1

  1. Oracle 11g R2, Middleware 11g Coming Soon (PC World)
  2. Oracle manages 3Q feat: healthy contract signings (Boston Globe)
  3. Oracle Rallies; Waiting Out The Storm In Redwood Shores [Voices] (All Things Digital)

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