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Fails to hit expectations...
Published: 15 March 2002 07:35 GMT
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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