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September 18, 1995

ORACLE FAILS TO IMPRESS THE MARKETS

By CBR Staff Writer

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.

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