Oracle sales down as businesses tighten belts

September 16th, 2009 Oracle net rises 4 pct, matching Street viewsSAN FRANCISCO — Oracle Corp. says its quarterly profit rose 4 percent despite a 5 percent drop in sales.

September 16th, 2009 Oracle net rises 4 pct but sales drop, stock slipsSAN FRANCISCO — Oracle Corp.'s profit rose 4 percent in the latest quarter, matching Wall Street's forecasts, despite a drop in sales that revealed businesses are still being tightfisted about buying new software. The sales figure was short of analysts' expectations, and Oracle's shares fell 4 percent.

September 17th, 2009 Oracle shares slip after 1Q revenue disappointsSAN FRANCISCO — Shares of Oracle Corp. slipped in premarket activity Thursday after the information technology company reported sales fell below analyst expectations in the latest quarter, showing that businesses are still reluctant to buy new software.

August 29th, 2009 Sun posts $147M loss as Oracle deal loomsSAN FRANCISCO — Server and software maker Sun Microsystems says it lost $147 million in the April-June period as sales dropped 31 percent. The numbers reflect what might be Sun's last full quarter as an independent company.

April 28th, 2009 Sun's loss widens on restructuring, slumping salesSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.

October 26th, 2009 PAR reports loss as restaurant industry scrimpsNEW HARTFORD, N.Y. — Restaurant software maker PAR Technology Corp.

September 16th, 2009 On the Call: Oracle President Safra CatzOracle Corp. managed to meet Wall Street's profit forecasts in the fiscal first quarter despite a drop in sales that was caused in large part by weakness in Europe, the Middle East and Africa, a region where revenue was down about 10 percent from last year to $1.64 billion.

May 23rd, 2005 Oracle integrates PHP scripting engine (dubbed "Zend Core for Oracle") with its 10g database and application server for building apps based on the open source development language. What remains to be seen is whether Oracle is shifting focus away from Java or just encompassing additional languages.

September 3rd, 2009 Summary Box: EU applies brakes to Oracle-Sun dealSLOW DOWN: European Union regulators are launching a formal antitrust investigation into Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc. Oracle expected to complete the acquisition this summer, but European regulators now have until Jan.

June 23rd, 2009 Oracle tops forecasts despite sales, profit dip SAN FRANCISCO — Software maker Oracle Corp.'s results for its latest quarter topped Wall Street's forecast Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit. The company blamed the declines on the effects of a stronger dollar — which makes deals done in other currencies translate into fewer greenbacks.

August 20th, 2009 Oracle: Justice Dept OK's Sun dealSAN FRANCISCO — Business software maker Oracle Corp. said Thursday it has received the Justice Department's approval to move forward with its $7.4 billion acquisition of former dot-com-era star Sun Microsystems Inc.

August 30th, 2006 Oracle has continued its push into business intelligence analytics by releasing PeopleSoft Enterprise Performance Management 9. The release adds broader enterprise planning and compliance management capabilities, as well as more features specific to higher-education institutions, including a Campus Solutions Warehouse module.

July 14th, 2009 Prepping for Oracle, Sun predicts weak resultsNEW YORK — Sun Microsystems Inc. projected quarterly results below Wall Street estimates Tuesday, signaling it will clear some charges off its books ahead of its $7.4 billion acquisition by Oracle Corp.

April 29th, 2009 As Oracle readies takeover, Sun's loss widensSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.

April 20th, 2009 REDWOOD SHORES - US-based software major Oracle Corp plans to acquire Sun Microsystems for $7.4 billion at $9.50 per share in a cash transaction, the two companies said Monday. 'We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP (non-generally accepted accounting practices) basis in the first full year after closing,' Oracle president Safra Catz in a statement.