Revenues rise at Oracle

Oracle, the US technology firm which employs 500 people in Dublin, yesterday announced record first quarter results. The company said revenues for the three months ending August 31st rose 28 per cent to $1.7 billion (£1.15 billion), while net earnings climbed 30 per cent to $195 million. The company did not release specific figures for its operations here, but said that "in Ireland Oracle reported its best quarter ever". The managing director for Ireland, Mr John Appleby, said: "This augurs well for the future as our first quarter includes July and August which traditionally have been slower months."