Centennial Article: Oracle results affect rest of market

Oracle results affect rest of market

The release of Oracle's third quarter results has raised concerns in the software market.

Oracle's stock price dropped after the release of the results for the three months to February, showing that revenue on new software licenses had not hit expectations.

Sales in the sector were up by 16 per cent from last year, but Oracle had predicted a growth of 15 to 25 per cent.

The figures have caused concerns in the industry as it is feared that users are now exhausting features in existing applications, rather than investing in new products.

Oracle had previously been expected to weather the current economic downturn, but the company's resilience is now being questioned.

It said that customers had "got cautious" at the end of the quarter, leading to the reduced sales.

Analysts have already predicted that IT spending will increase by five per cent this year, compared to the seven per cent rise last year.

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Centennial Software (www.centennial-software.com) is a leading developer of asset management and network security solutions with more than five million licenses sold to blue-chip organizations around the world. Centennial's growing portfolio of solutions helps organizations better manage their IT infrastructure, maintain compliance and minimize operational risks. Centennial products are available through a global network of approved resellers and market-leading OEM vendors. The company operates offices in the USA, UK, Germany, Sweden and Australia.

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