On December 14, Oracle Corporation announced record second quarter results for the period ended November 30, 1999. For the quarter, net income increased 40% to $384 million, or $0.26 per share, while total revenue grew to $2.3 billion. This compares to net income of $274 million, or $0.19 per share, and revenue of $2.1 billion for the same period a year ago.
license management reports
both total revenue (~24%), license revenue (~16%) and net income (~59%) during the last 4 quarters. Oracle had a head start on most of its competition pertaining to Internet applications, and the Company still leads the ERP pack both on product technology vision and execution. While Oracle had suffered initial setbacks as it moved its entire enterprise product line to the Internet, and was losing customers that were not ready to buy into the vision, we believe that Oracle''s far-sighted strategy has