Tale of two companies

Oracle reported its earnings yesterday and the company did exceptionally well with sales up 30%. This was a much anticipated earnings report, since analysts were trying to see how well Oracle has performed since acquiring a number of companies like PeopleSoft, Siebel etc. In almost all areas, Oracle reported strong gains. Oracle’s main competitor in the back office application domain SAP missed last quarter. So Oracle should feel very pleased at capturing market share from SAP. Oracle’s CEO Ellision proclaimed that the companies open standards adoption as opposed to SAP’s proprietary solution was the main reason for this.

On the other hand one company’s stock was at the receiving end. It was none other than online giant Yahoo! which surprisingly said advertising revenues would fall short of analysts expectations. Yahoo’s stock dropped more than 10% yesterday on this news. It’s quite surprising that Yahoo! main competitor Google seemed to hold up pretty good.

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