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Wall Street questions Oracle's strategy after weak Q3 sales

Oracle's severe miss in quarterly sales, dismissed by management as a blip, amplified questions on Wall Street about the business-software giant's diminishing clout in an industry moving rapidly toward cheaper Internet-based rivals.Senior management assured Wall Street on Wednesday that a worrying 2-percent slip in new software sales was mostly due to a sales force that lacked "urgency", something to be addressed this quarter. Many analysts agreed, describing the decline in software and hardware revenues as a speed bump.Others say the dismal numbers highlight concerns that the strategy championed by the world's No. 3 software maker, of integrating cloud software with its own hardware for greater efficiency, may not be enough to keep up with a growing number of rivals offering low-cost solutions.Some worry that Oracle's era of fast growth and lofty margins, when it could dictate prices because of its premier market position, may be waning.Aggressive, fast-growing companies like Salesfor...

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  1. H-P: Oracle Violated Contract in Server Dispute

    Oracle Corp violated a clear contract with Hewlett-Packard Co when it decided it would no longer make new versions of its database software compatible with HP's Itan...

  2. Oracle Forecasts Mild Earnings, Sales Gains

    Oracle Corp. on Tuesday said that for its fiscal third-quarter it expects to earn 44 cents to 47 cents a share, or between 56 cents to 59 cents a share, excluding on...

  3. Oracle 2Q Results Miss Expectations

    Oracle Corp. (NASDAQ:ORCL) weighed in with second-quarter results that fell well short of Wall Street’s expectations, prompting the stock to plunge nearly 8% after t...

  4. Overachiever Oracle faces high growth hurdles

    By Bill RigbySEATTLE (Reuters) - Oracle Corp has a habit of beating Wall Street expectations, but some investors fear billionaire Larry Ellison's software and server...

  5. Oracle CFO resigns as Safra Catz assumes post again

    BOSTON (Reuters) - Oracle Corp has replaced its chief financial officer less than three years after he joined the company, tapping President Safra Catz to assume the...

  6. Oracle Names Safra Catz New CFO

    FBN's Robert Gray on Oracle President Safra Catz taking on the CFO position after former CFO Jeff Epstein resigns.

  7. Oracle CFO Resigns, Catz Resumes Role

    Oracle Corp. said Monday that Chief Financial Officer Jeff Epstein, who assumed the position roughly two and a half years ago, has resigned effective immediately.The...

  8. Oracle 3Q Beats Street

    Oracle Corp. (NASDAQ:ORCL) on Thursday posted fiscal third-quarter results that easily beat analyst forecasts, as revenue rose on increased sales from hardware produ...

  9. Oracle Beats the Street

    Oracle (NASDAQ:ORCL) surged to near a 10-year high after hours Thursday upon revealing a stronger-than-expected 30% jump in second-quarter profit, helped by growing ...

  10. Oracle Ruling Tarnishes SAP's Reputation

    A record $1.3 billion fine slapped on SAP for downloading rival Oracle's software has tarnished the German software maker's reputation and is set to undermine its sa...

  11. Oracle ruling tarnishes SAP's U.S. reputation

    FRANKFURT (Reuters) - A record $1.3 billion fine slapped on SAP for downloading rival Oracle's software has tarnished the German software maker's reputation and is s...

  12. Oracle Awarded $1.3B for SAP Software Theft

    SAP AG must pay Oracle Corp $1.3 billion in damages for software theft, a federal jury decided on Tuesday after a high-profile trial that captivated Silicon Valley ....

  1. TECH STOCKS: Techs Lead Retreat As Oracle, Cisco Tumble

    The technology sector led a broad market retreat Thursday as share of Oracle Corp. and Cisco Systems tumbled.The Nasdaq Composite Index (RIXF) gave 32 points, or 1%,...

  2. TECH STOCKS: Oracle, Cisco Tumble, But Yahoo Rises

    Technology stocks retreated Thursday, paced by sliding shares of Oracle Corp. and Cisco Systems.Oracle (ORCL) shed nearly 10% to $32.24, a day after the company post...

  3. Oracle blames sales force for Q3 miss, projects Q4 growth

    Oracle Corp forecast a return to growth in new software sales this quarter, after blaming its rapidly expanding salesforce for a severe miss in third-quarter revenue...

  4. Oracle 3Q Disappoints on Softer Software Licenses

    Oracle (NASDAQ:ORCL) reported disappointing third-quarter earnings late Wednesday as growth of new software licenses and cloud subscriptions slowed.The Redwood Shore...

  5. Oracle beats outlook, shrugs off fiscal debate

    Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spendi...

  6. Oracle 2nd-Quarter Profit Up 18% on Software Growth

    Hardware declines, but CEO Ellison defends business as "strategic and profitable"-Product mix propelling overall revenue growth-Achieved double-digit revenue gains i...

  7. Oracle 1Q Sales Disappoint, Shares Ease

    Oracle (NASDAQ:ORCL) posted a worse-than-expected decline in first-quarter sales on Thursday but expressed optimism over its cloud business.Revenue for the three-mon...

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