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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Strzegowski who wrote (3819)	12/8/1997 8:13:00 PM
From: grogger	Read Replies (1) \| Respond to of 19080

Where did you get teh License growth? that is very positive. Even quarters when they came in line this brought them down. Maybe this will help. My guess is that what the analysts say tomorrow will play a huge role in what happens. Rob

To: Greg Strzegowski who wrote (3819)	12/8/1997 10:47:00 PM
From: leslie jo	Respond to of 19080

To expand on your comment of growth areas, see the following comment from the Motley fool regarding applications growth. Basically, the "Fool" says applications revenues were up nicely: fool.com In getting a head start on tonight's recap, I had written: "Oracle's fiscal second quarter ended in November, and the company is slated to report its results within a few days. Analysts' consensus estimate is for earnings of $0.23 per share, according to First Call. That would represent a 28% advance over the year-ago $0.18." Well, scratch that. After the market closed, Oracle dropped the news that fiscal second quarter earnings came in at $0.19 per share, four cents below expectations. Revenues increased 23% to $1.61 billion. In the press release, Oracle's CFO, Jeff Henley, is quoted as follows: "Clearly, we were disappointed with the results this quarter. While several factors impacted the quarterly license growth, the economic situation in Asia-Pacific clearly had a significant impact. In addition, the strength of the dollar continued to have a dramatic effect on our reported results this quarter. Without the impact of currency exchange, overall revenue growth would have been 29%." The conference call is going on as I write this. As is our custom, we'll provide a timely summary of it for you. For now, all I can offer is that although the magnitude of the shortfall is certainly surprising, the fact that it occurred is not. With more than half of its revenues coming from overseas, Oracle has been challenged all year by a strong dollar and sluggish economies in parts of Europe and Asia. On top of that, growth in license revenues for Oracle's core database products was below most analysts' expectations in the first fiscal quarter, which ended in August. Sales of applications that run on top of Oracle's database were up nicely in the quarter, however, as were consulting and service fees. Oracle's press release does not contain a detailed breakdown of revenues, so we await the conclusion of the conference call for that information.