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By Lisa Vaas  |  Posted 2003-06-12 Email Print this article Print
 
 
 
 
 
 
 


"Things are getting worse, not better, at PeopleSoft," Ellison said. "The managements plan is to take existing PeopleSoft business, which is under considerable stress, and merge with J.D. Edwards. We believe that J.D. Edwards is in worse shape than PeopleSoft. ... Craig Conway said our offer is designed to disrupt PeopleSofts strong momentum in the market. Im not sure how you can describe going down 39 percent to $80 milllion as strong momentum." Besides continuing the ongoing catfight with Craig Conway, Oracle officials used the earnings report to report earnings. Despite the stormy seas surrounding its pursuit of PeopleSoft, Oracle managed to beat analysts estimates by $.02 per share, the company reported.
Fourth-quarter net income was $.16 per share, or $858 million—an increase of 31 percent over the year-ago figure of $656 million or $.12 per share net income for fourth quarter 2002. Year-ago results included an equity securities impairment charge of $104 million net of tax, or $.02 per share, related to Oracles investment in Liberate Technologies.
Total revenues in Q4 2003 increased 2 percent to $2.83 billion. New software license and other revenues rose 1 percent to $1.2 billion. Software license updates and product support increased 12 percent to $1.1 billion. Services declined 11 percent to $580 million. Operating margin in the quarter reached a record high of 45 percent, beating the previous record of 44 percent in the fourth quarter of 2002. For the full fiscal year 2003, net income increased 4 percent to $2.31 billion, or $.43 per share, compared with net income of $2.22 billion or $.39 per share a year ago. Total revenues declined 2 percent to $9.5 billion. The annual operating margin was 36 percent. Database sales were $933 million for the quarter.


 
 
 
 
Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.
 
 
 
 
 
 
 

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