"Nine months ago, we set out to save one billion dollars annually by using our own Internet e-Business applications," said Oracle CFO, Jeff Henley. "That billion dollar savings translates to a 10 point improvement in our margin. This quarter's operating margin improved 11.8 points - from 19.6% to 31.4% percent - compared to Q3 last year. So we are reaching our financial goals faster and saving even more than planned. Better still, there are a lot more Internet efficiencies to come as we complete the transformation of Oracle into a global e-Business. We are only halfway through an 18 month process."
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Last Revised: March 24, 2000.