Oracle reported earnings for its first fiscal quarter in 2013 last week, telling a tale of two product lines: Its software operations fared respectably, while its hardware slumped dramatically. Hardware systems product revenue was down 24 percent. “These are tough times, and companies are still not investing heavily in capital equipment,” noted tech analyst Laura DiDio. Also, Oracle’s software profits are due in part to rate increases for licenses, which could lead to customers becoming disaffected in the long term.
Loading ...
Oracle's Short-Term Software Gains May Have Long-Term Costs
Posted by: Erika Morphy September 24, 2012 02:55 PMOracle reported earnings for its first fiscal quarter in 2013 last week, telling a tale of two product lines: Its software operations fared respectably, while its hardware slumped dramatically. Hardware systems product revenue was down 24 percent. “These are tough times, and companies are still not investing heavily in capital equipment,” noted tech analyst Laura DiDio. Also, Oracle’s software profits are due in part to rate increases for licenses, which could lead to customers becoming disaffected in the long term.