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Death Clouds Oracle's Q1 Results

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Posted September 14, 2001 By Natasha Gray     Feedback

Oracle announces Q1 earnings as it mourns loss of sales manager in Pennsylvania plane crash.

Oracle (NASDAQ:ORCL) had planned to make only one announcement today, its much anticipated Q1 quarterly results. But now the world's second largest software company has become latest among several technology corporations to report the loss of one of its employees after Tuesday's terrorist attack on the United States.

Sales account manager Todd Beamer, 32, was among the passengers on United Airlines Flight 93, which crashed in rural Pennsylvania after being hijacked as part of Tuesday's attack on U.S. landmarks, a company spokesman confirmed earlier today.

Beamer was Oracle's sales account manager for the mid-Atlantic region and lived in Plainsboro, New Jersey. He is father to two boys and his wife is due to give birth to a third child in January, said Oracle spokesman Mark Jarvis.

Beamer was a die-hard athlete and sports fan and a former basketball and baseball star at Los Gatos High School, where he graduated in 1987. There was no one he relished playing ball with, and watching Chicago Cubs baseball games with, more than his two sons, David, 3, and Drew, 1.

"He was an incredible dad, and he was fun," said his sister, Michele Beamer. "He was a kind and decent person. He was my big brother."

Meantime, the company continues to search for six consultants who were scheduled to be in the World Trade Center at the time of the attacks that reduced the landmark skyscrapers to rubble and left the Pentagon in flames.

With deep the concern for its employees, the company's scheduled Q1 earnings report still continued.

Oracle beat analyst earnings expectations with help from strong services sales and cost cuts, as it reported earnings earlier today that increased 2 percent to $510.6 million on revenue of $2.2 billion. Earnings per share increased to 9 cents compared with 8 cents in Q1 last year. The company announced earlier Thursday that it would postpone its analyst conference call scheduled with the company's management until at least Monday.

A memorial service for Beamer will be held Sunday afternoon at the Princeton Alliance Church in Plainsboro, Jarvis said.

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