Oracle's Sales Disappoint

March 21, 2006

[From internetnews.com]

Oracle (Quote, Chart) beat earnings estimates after the close on Monday, but the company's sales came in a little lighter than expected.

Oracle's earnings of 19 cents a share were up 3 cents from the year-ago quarter and a penny better than expected, but the company's sales of $3.47 billion were below $3.53 billion forecasts. Database sales were less than Wall Street analysts had hoped for, but applications sales were better than expected, as the PeopleSoft and Siebel acquisitions began showing up in the company's top line.

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