By Polly Raymond, 15 December 1999 17:26
NEWS Oracle's share price leapt today as the database company published its second quarter results ended November 30 which showed a 40 per cent increase in revenue on the same period last year. Total software licence revenue grew 18 per cent on last year and, specifically, database software sales increased 17 per cent. Larry Ellison, the company's CEO, said the growth of corporate intranets and the Internet are both driving the demand for Oracle's database products and applications. An early commitment to Internet computing and a strong growth in the company's ERP and CRM application businesses were also a strong factor, he added.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below