Commenting on its first quarter figures (below) Oracle Corp says strong sales around the world contributed to the 39% jump in revenues for the period. Oracle Asia Pacific was the star performer, albeit from a low base, reporting revenue growth of 69%. Revenues in Oracle Americas grew 44% but Oracle Europe Middle East Africa grew only 23%. Oracle said first quarter licence sales grew 25% while Services revenues increased 55%; first quarter product revenue growth was led by a 109% increase in Oracle’s Applications licence sales. The market was unimpressed and the shares fell $6.25 to $39.75, and analysts cut their forecasts.
