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To: Tweaker who wrote (64802)	9/10/1998 4:34:00 PM
From: D.J.Smyth	Respond to of 176387

OT, Oracle unexpectedly beats estimates: Oracle earnings\Avant! forecast (PRN) - Oracle Corp. (Nasdaq: ORCL) Thursday announced that for the first quarter ended August 31, 1998, revenues increased 28 percent to $1.7 billion from $1.4 billion in the same period last year. Net income for the period increased 30 percent to $195 million, or $0.20 per share, compared to net income of $150 million, or $0.15 per share, in the same period last year, excluding one-time charges for the acquisitions of Treasury Services Corporation and Navio Communications, Inc. Giving effect to the one-time charges, net income for the previous period was $8 million. A poll of analysts by Zacks estimated earnings of $0.16 per share. Revenue from Oracle's two businesses, database and applications, totaled $7.5 billion in the last four quarters. The database business, including database, tools and related services, grew 25 percent to $1.3 billion in revenues for the quarter and $5.6 billion for the last four quarters, continuing its position as the largest database business in the world. Revenues from the applications business and related services grew 37 percent to $0.5 billion in revenues for the first fiscal quarter and $2.0 billion for the last four quarters, continuing Oracle's position as the second largest applications business in the world. "This was a critical transition quarter for us that tested a more focused and productive organization," said Ray Lane, Oracle's President and Chief Operating Officer. "We continued to grow in the database business with outstanding results in the U.S. and Europe, we really focused our applications business and achieved several significant competitive wins, and our services business continues to set new records ... all around, a quarter that exceeded our expectations." 09/10 (1530)