To: U Up U Down who wrote (15352 ) 3/1/2001 5:57:45 PM From: Brian Sullivan Read Replies (1) | Respond to of 19079 Looks like Forbes was right Oracle Sees Profit Falling Short Of Estimates on U.S. Slowdowninteractive.wsj.com REDWOOD SHORES, Calif. -- Oracle Corp. expects to report fiscal third-quarter earnings that will trail Wall Street expectations, making it the latest technology company to fall victim to a slowing U.S. economy. The software giant said that a substantial number of its customers decided to delay their information-technology spending based on the economic slowdown in the U.S. The company now sees profit of 10 cents a share; analysts surveyed by First Call/Thomson Financial were expecting a profit of 12 cents a share. Oracle Posts Sharply Higher Net on Strong Demand for Software (Dec. 15) The company's current estimates for the third quarter ended Feb. 28, including a 4% negative currency impact, show license revenue grew about 6% and total revenue grew about 9%. Applications-revenue growth is estimated at 50%, and database revenue growth is estimated to be flat to slightly negative. The company blamed the U.S. economy for the weakness, and said sales growth in Europe and Asia Pacific remained strong. Oracle's databases have long been used to develop big transaction-processing systems used by businesses. Lately, however, it has gotten a push in its add-on application programs by tailoring them for the Web. In December, Oracle dodged the downturn afflicting its technology peers, managing to slightly exceed analysts' profit estimates for its fiscal second quarter. The company also slightly increased targets for sales and earnings for the third quarter, underscoring its differentiation from rival Microsoft Corp., which joined other companies in lowering its projections for the December quarter.