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News Breaks
March 20, 2013
17:45 EDTORCLOracle says "not pleased with Q3 revenue growth," cites sales execution
On Oracle's (ORCL) Q3 earnings conference call, management said, "While our overall business remains very healthy and we saw excellent pipeline growth, we're not at all pleased with our revenue growth this quarter. Since we've been adding literally thousands of new sales reps around the world, the problem was largely sales execution, especially with the new reps as they ran out of runway in Q3." They noted that the company's product portfolio is as strong as ever, and that they are winning a fair share of deals. They are encouraged by the tremendous pipeline growth, but said they have work to do on training new reps. Management expects a big turnaround next year for the hardware business. They see a big growth year for the entire hardware business, SPARC line, and all of the engineered systems. The company still believes there is tremendous leverage in its business model and feels good about its strategy and product line.
News For ORCL From The Last 14 Days
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July 25, 2014
06:35 EDTORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 16, 2014
08:08 EDTORCLOracle Social Cloud announces LinkedIn support for SRM platform
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July 14, 2014
12:49 EDTORCLOracle hosts an educational webcast
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