IT file briefs
Oracle’s profits up
Oracle reported a 17% rise in revenue to $7.1bn (#4.4bn) for its 1998 financial year, but reducing margins on its core database and applications products saw profits rise just 11.5% to $845m (#521.6m). Over the past year, however, Oracle has put more effort into its business applications, which include Oracle Financials and a host of operational modules. Software and services revenue in this area rose 58% to $1.8bn (#1.1bn), cementing the company’s position as the main rival to SAP, said Oracle.
US company buys into UK
Connecticut-based financial and accountancy software developer FlexiInternational has acquired the Dodge Group, a London software house specialising in back-office applications for banks and other multinational organisations.
FlexiInternational said it intended to integrate Dodge’s Financial Data Warehouse with its Flexi software family to offer a multiplatform range of applications for multinational corporations.
Dataflow has renamed its Merchant accounting application as dataflow~32.
Now available for Windows 95 and NT operating systems, the company said the change was intended to highlight the product’s complete overhaul.
A version built on top of Microsoft’s SQL Server database will be available this month.