Oracle Still Struggling With Systems, But Hanging In There
September 24, 2012 Timothy Prickett Morgan
Oracle co-founder and CEO Larry Ellison doesn’t know the meaning of the word regret, and despite the shrinking systems business in the wake of the company’s acquisition of Sun Microsystems for $7.6 billion in January 2010, Ellison and Company are determined to make a real systems business out of this. And to their credit, they are doing a better job than Sun was doing by itself. In Oracle’s first quarter of fiscal 2013 ended in August, the company posted revenues of $8.18 billion, down 2 percent and shy of Wall Street expectations. But thanks to cost controls, Oracle brought just |