Oracle's Q3 FY13 results: negative read-across for European Software vendors

News published on March Thursday 21, 2013
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Yesterday evening Oracle reported Q3 FY13 sales (FYE 31st May) below consensus and company guidance. We view these numbers as a negative read-across for European Software companies, so we expect negative share price reactions in the short term. As this shortfall looks to be more company-specific (sales execution issues due to a sustained sales rep recruitment pace) than related to a disruption in the economic environment, we do not change our positive view on SAP in particular).



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