5 Companies That Dropped The Ball This Week


Oracle's Flat FY Q4 Sales Performance

For Oracle it was a flat fourth quarter that closed out a flat fiscal 2013.

For the fourth quarter ended May 31 Oracle reported revenue of $10.95 billion, virtually unchanged from $10.92 billion the same period one year earlier. Net income was $3.81 billion, up 10 percent from $3.45 billion one year ago.

Hardware systems revenue in the quarter declined 9 percent to $1.43 billion. That included a 13 percent decline in hardware systems product sales to $849 million and a 3 percent decline in hardware systems support revenue to $582 million.

For all of fiscal 2013, Oracle reported revenue of $37.18 billion, up a fraction from $37.12 billion in fiscal 2012. Net income for the year was $10.93 billion, up 9 percent from $9.98 billion in fiscal 2012. In a positive sign, Oracle executives predicted that the company's long-struggling hardware business may be on the verge of turning around.