TOUGH COMPETITION A file photo of Oracle's CEO Ellison. The company is facing stiff competition from Cisco, Dell, Hewlett-Packard and IBM, which have been taking market share away from Oracle in the computer market. - Reuters
BOSTON/NEW YORK: Oracle Corp’s hardware sales are expected to drop further after tumbling 24% from a year ago, the software maker said, as it strives to turn around its Sun computer division amid tight technology budgets.
The company run by Silicon Valley billionaire Larry Ellison reported on Thursday that hardware product sales fell to US$779mil (RM2.34bil) in its fiscal first quarter ended Aug 31. It had forecast a decline of 7% to 17%.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
