Oracle sees no slowing in earnings

Oracle remains committed to earnings per share growth of at least 20 percent or better each year, Safra Catz, Oracle's president and chief financial officer, said on Wednesday. "Twenty percent? That's for pikers. We've been growing 26 percent," Catz said at a meeting of Wall Street analysts on the sidelines of OpenWorld, the company's annual user conference in San Francisco. "We are going for 20 (percent). If we shoot ahead of it in any year, it is just the way it is. We are not slowing down and don't expect us to," Catz said of the pledge to grow not just 20 percent, on average, but 20 percent, or faster, each year.

Since completing its acquisition of PeopleSoft in late 2004, the company has grown earnings significantly faster than the 20 percent Chairman and Chief Executive Larry Ellison at that time pledged to investors. Oracle's strategy is to sell its big corporate customers more applications and, with them, the company's underlying database platform. "Our strategy will be selling customers we already have other stuff," she declared. "A few quarters ago I said our deals are getting chubbier. I said it exactly that way so you would remember it," Catz told analysts. "The deals continue to get chubbier," she said.

Story Copyright © 2008 Reuters Limited. All rights reserved.

[caudio_roma]

Open source free software = Oracle sales going down

Hello to Ellison and CFO Oracle, have you heard of MySQL? It is a better Data base than Oracle and it is FREE. More to the point have you heard of Open Source which is making software for free or near free thus rendering companies like Oracle to the dust bin of history. OTN: our company just replaced our Oracle SQL DB with MySQL DB at savings of about $150K per year.

You know like 80% of Oracles sales come from government agencies, dont the people at the people at these government agencies
know that there is such a thing as MySQL? So they do not need to buy Oracle? Or is it that they do not care. I guess they do not care, after all it is our Tax money that they are wasting on Oracle DB when they can get MySQL DB for free or maybe they have Oracle stock too and that is real reason they are buying Oracle DB when they do not need to do so at all.

[M_&_M]

True...

Also... remember that the government likes to spend $500 for a single hammer or toilet seat!