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Oracle Sees Solid Sales

WebProNews
Staff Writer
Published: 2004-03-12

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Oracle announced on Thursday a 9% revenue gain for the third quarter, while net income grew 11% to $635 million.

"Oracle's fiscal third quarter was another solid quarter," said Oracle Chairman and CFO Jeff Henley.

Oracle, an enterprise software company, has seen an 86% gain in sales leads for its RAC database software this quarter.

"This is very important," insists Oracle CEO Larry Ellison, because "rapid RAC growth indicates rapid acceptance of Oracle10g's high-performance, high-reliability grid capabilities. Oracle10g has now broken almost all database performance world records."

Henley has compared the release of Oracle10g to the release of Oracle 7, the software version that saved the company from extreme financial hardship over a decade ago.

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