Data Management

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Greg MacSweeney
Greg MacSweeney
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Is Oracle Earnings Forecast Ominous for Other Tech Providers?

Oracle's 2012 earnings forecast is causing concern among investors who worry that industrywide technology profits may sag next year.

Oracle, the technology industry behemoth that has deep penetration in the financial services market, issued a forecast for 2012 that is causing some concern among investors.

The database and CRM product provider saw license revenue grow by only 2 percent this past quarter and actually saw maintenance revenue drop, quarter to quarter, for the first time in many years.

What this means for the broader technology market remains to be seen, but investors who are already concerned about a sluggish US economy and an unstable euro, have weakening tech profits to add to the list of worries.

Here's some more analysis from the Wall Street Journal:

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio
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