Takeover Weighs on Oracle Profit

Posted in: Technical Track

Oracle has reported a 15 percent drop in quarterly profits, due largely to the costs of the PeopleSoft takeover.

Sales were up 18 percent, which included those from PeopleSoft.

Oracle Sings an Old Lament

In many ways, it’s the same old story. Oracle’s database business turned in a solid performance, while the application business did not. Since the PeopleSoft deal closed in this quarter, analysis of its true effects will be clearer in May, but Oracle CEO Larry Ellison did admit that PeopleSoft’s contribution was on the light side.


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As Pythian’s Chief Executive Officer, Paul leads this center of excellence for expert, outsourced technical services for companies whose systems are directly tied to revenue growth and business success. His passion and foresight for using data and technology to drive business success has helped Pythian become a high-growth global company with over 400 employees and offices in North America, Europe, and Asia. Paul, who started his career as a data scientist, founded Pythian when he was 25 years old. In addition to driving the business, Paul is a vocal proponent of diversity in the workplace, human rights, and economic empowerment. He supports his commitment through Pythian’s hiring and retention practices, his role as board member for the Basic Income Canada Network, and as a supporter of women in technology.

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