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Oracle revenue up in 2005

For their third quarter, Oracle has reported a dip in sales but a rise in revenue:,+revenues+rise/2100-1014_3-5630641.html?tag=html.alert

According to an article by  Dawn Kawamoto, Oracle's net income was reported at 16 cents a share:

The company's net income, based on non-GAAP, or non-generally accepted accounting principles, was $814 million, or 16 cents a share. Wall Street, which based its estimates on non-GAAP figures, had expected the company to post earnings of 15 cents a share, according to Thomson Financial

Although the merger with PeopleSoft boosted revenue, it did not cause a great spike, which is expected to change in the fourth quarter:

"Oracle's database business is growing faster than the industry as a whole," Ellison said. "We now have 41 percent of the global market....IBM...declined to 30.6 percent. We're gaining and taking market share from IBM."


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