CDC Software Corp (CDCS), a wholly owned subsidiary of CDC Corp. (CHINA) said that it expects a decline in its license revenue. The company expects software license revenue to fall in the range of $7.4 – $7.6 million in the third quarter of 2009. The mid-point of the range is a decline of 37% from the year-ago period and 4% from the previous quarter.  We believe this fall is mainly due to the declining business activity the company felt during this economic downturn, which had a negative impact on the overall enterprise software industry.  Despite the sequential and year-over-year decline in license revenue, the overall revenue estimates are in line with the First Call Consensus estimates of $7.4 million. The company also said that the license revenue from new logo business increased to 24% in the forecasted quarter, up from 12% reported in the previous ...

Despite earlier this week announcing disappointing first-quarter results, Oracle Corp. (Nasdaq: ORCL) says it expects its second quarter will be stronger. However, many analysts are skeptical, as the company’s attempted takeover of Sun Microsystems Inc. (Nasdaq: JAVA) has not gone as smoothly as planned.

Oracle reported revenue for the three months ended Aug. 31 fell 5%, to $5.05 billion. Analysts were expecting $5.2 billion of sales.

Net income rose 4% to $1.1 billion, or 22 cents a share, by Generally Accepted Accounting Principles (GAAP), but the company leaned heavily on support contracts and cost cutting to maintain profitability. The world’s second-largest software maker blamed the drop on declining overseas sales and a stronger U.S. dollar.

“Oracle’s results were impacted by the reduced value of foreign currencies when compared to U.S. dollars, reducing Q1 GAAP earnings by $0.02 per share,” the company said. “Without this impact, Oracle’s Q1

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OPNET Technologies Inc. (OPNT) reported weak results for the first quarter of fiscal 2010, with both revenue and EPS falling year over year and quarter over quarter. Not surprisingly, the company blamed the weak economic environment for decline in results.

Although negative earnings of $0.02 per share reported in the quarter did manage to edge out the Zacks Consensus Estimate by $0.01 and was in line with the Street estimate, it fell from a positive $0.04 in the year-ago quarter and a breakeven EPS in the previous quarter.

Excluding stock-based compensation and amortization of intangibles, quarterly EPS was $0.01, a penny above our estimate but down six cents from the year-ago quarter and one cent sequentially. Effective tax rate for the quarter fell to 35.5% from 76.7% last year due to higher losses. Consequently, the company received a quarterly tax benefit of $197,000.

Revenue of $27.7 million fell

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Outlook Global markets appear to be shaking off the recent unprecedented withering of the financial system and are looking for an upturn. But is it sustainable or is it a short-term event? So far, a string of drastic actions by the Federal Reserve and both the Bush and Obama administrations has yet to turn around a bunker mentality. Banks fear lending money to each other and to their customers. Businesses are reluctant to hire and boost capital investments. Consumers have hunkered down. All the economy's problems are feeding off each other, creating a vicious cycle that Washington policymakers are finding difficult to break. Even if the turmoil gripping Wall Street were to let up and badly shaken confidence in the banking system were fully restored, a "broader economic recovery will not happen right away." Obviously, the technology industry is not immune to the current economic ...

Over the past decade there has been a noticeable shift within the field of education and a strong push for continued integration of technology in education. The newly-elected administration understands this world-wide shift and understands America is currently behind the curve as far as education is concerned. To combat this, the administration is concentrating its efforts on increasing the quality of America’s education, resources for required for this education, and technology in the classroom. Thus, education IT seems to be a favorable sub-sector in the long run, and should experience growth in the future, well beyond that which it had previously seen with the emergence of the computer.

Within this subsector there are many small regional private companies along with some larger companies traded on foreign exchanges, but

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Oracle (NASDAQ:ORCL) just reported profit flat despite 6% revenue growth and investors a good look at the stock and decided that it was still The One.  Shares of ORCL are up 3% after hours. Here's the quick and dirty from the call: - Q2 Profit excluding items in line with estimates - Says stronger dollar hurt revenue, profit - Sees Q3 new software sales flat to down 10% - Says new software license revenue fell ...