By Will Sturgeon, 15 March 2002 07:35
NEWS Oracle has reported worse than expected third quarter results - with a fall in licence revenues hitting Larry Ellison's software giant hard. The three months ending 28 February yielded revenues of $2.2bn - down 16 per cent on the comparable quarter. Profit was $508m - or nine cents per share. Falling licence revenues were blamed for the overall decline - down 30 per cent to $789m on the third quarter the previous year. Shares in Oracle closed down 3.2 per cent at $13.44.
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