On December 14, Oracle Corporation announced record second quarter results for the period ended November 30, 1999. For the quarter, net income increased 40% to $384 million, or $0.26 per share, while total revenue grew to $2.3 billion. This compares to net income of $274 million, or $0.19 per share, and revenue of $2.1 billion for the same period a year ago.
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Internet companies are buying Oracle software to help them manage vast amounts of data (See TEC News Analysis article: IBM and Deutsche Telecom Announce Plans for 100 Terabyte Data Warehouse December 17th, 1999). The Redwood Shores database software giant said net income for the quarter, ended Nov. 30, rose 40 percent to $384 million, or 26 cents a diluted share, compared with $274 million, or 19 cents a share in the same period last year. Securities analysts were officially predicting Oracle would