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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (13261)	12/13/2001 4:23:38 PM
From: Sully-	Read Replies (1) \| Respond to of 99280

Oracle meets earnings goal By Mike Tarsala, CBS.MarketWatch.com Last Update: 4:17 PM ET Dec. 13, 2001 REDWOOD SHORES, Calif. (CBS.MW) -- Software leader Oracle Corp. met analyst expectations with net earnings of 10 cents a share, although its sales came up short of Wall Street's goals. The database-management software maker earned $549.46 million in its November quarter, down from $622.81 million, or 11 cents a share, in the same period last year. Second quarter operating margins were 35 percent versus 36 percent last year. Revenue was $2.36 billion, compared with $2.66 billion last year. Analysts had expected sales of $2.45 billion in the November quarter, according to Thomson Financial/First Call. Shares of Oracle (ORCL: news, chart, profile) fell 43 cents to close at $14.67 in regular Nasdaq trading. Mike Tarsala is a San Francisco-based reporter for CBS.MarketWatch.com.