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To: Fred Mussler who wrote (19584)	3/13/1999 12:14:00 PM
From: Susan Saline	Read Replies (1) of 53068

ORCL it will Fred Saturday March 13 12:49 AM ET Corrected: Oracle Shares Drop Despite 36 Pct Profit Rise PALO ALTO, Calif. (Reuters) - Oracle Corp. (Nasdaq:ORCL - news)'s fiscal third-quarter profits rose 36 percent -- in line with forecasts -- but weaker-than-expected revenue growth sent shares of the No. 1 database software company plunging in after-hours trading. Oracle Thursday said income for the three months ended Feb. 28 rose to $293.3 million, or 20 cents a share, from $215.1 million, or 14 cents, a year earlier. Revenue climbed 19 percent to $2.08 billion from $1.75 billion. Although the per-share earnings were a penny better than the 20 cents Wall Street had expected, some analysts expressed concern that revenue growth -- particularly sales of database and applications software -- was weaker than expected. If the company does not have a particularly robust fourth quarter, they said, profits could fall short for the year. more .... dailynews.yahoo.com

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