Oracle Earnings: Not Bad…

Despite the financial crisis, Oracle has exceeded expectations. Regardless of its recent positive earnings release – they have predicted a significant slowdown for next quarter in software license sales, which some analysts believe may be an indication of a slowdown in IT altogether.

With Oracle Open World and a flurry of new product announcements, the company is hoping that its broad product lines will keep the company’s momentum moving forward in the impending bad economy.

With such a wide range of products that virtually every business needs, Oracle isn’t too worried about the future, despite the markets and competing vendors. Belt tightening will likely be with non-mission critical software applications, but renewals of existing contracts will continue to take place as companies depend on them to do business.

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