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More on Oracle's FQ3: New software license revenue, a closely-watched figure, rose 7% Y/Y, up...

More on Oracle's FQ3: New software license revenue, a closely-watched figure, rose 7% Y/Y, up from FQ2's 2% increase. License update/support revenue rose 8%, and services revenue was flat. Hardware remains weak, down 11% overall thanks to a 16% drop in systems sales. The drop comes in spite of a 139% increase in sales of engineered systems, which suggests sales of older UNIX servers are in freefall. ORCL +2.8% AH. (PR)

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Comments (2)
  • WisPokerGuy
    , contributor
    Comments (959) | Send Message
     
    I'm very happy for the post-close bounce. Took the opportunity to sell my entire position which I've held for about 30 months. Just not enough growth moving forward. Much prefer IBM or SAP at this point.

     

    Time will tell if I'm right.
    20 Mar 2012, 05:18 PM Reply Like
  • Omark
    , contributor
    Comments (39) | Send Message
     
    I don't trust the creative accounting at Oracle.. Selling on the bounce is a good idea...
    20 Mar 2012, 07:19 PM Reply Like
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