Oracle has reported third quarter profits of $169 million - a figure that includes a $37 million charge for acquiring Datalogix - on revenues of $1.37 billion. Profits were up 16 per cent on last year's $146 million while revenues leapt 34 per cent from $1.02 billion.
Oracle Europe continues to post substantially slower growth, with an expansion rate of 28 per cent, compared to 32 per cent in Asia Pacific and 40 per cent in the US. But the company's applications software business shot up by 61 per cent.
This was almost twice the growth rate of the core database business, whose licence sales grew by 32 per cent in the quarter. While a respectable figure in a mature market, according to analysts, that was well behind applications growth that of services, at 41 per cent. Sales for NT server software doubled compared to last year's figure at the nine-month mark.
Analysts were reasonably satisfied with the figures. The day before they were announced, some Wall Street watchers had downgraded Oracle stock and expressed fears that the database business would suffer a far sharper slowdown in growth.
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