Tuesday, December 18, 2012

Reuters: Technology News: Oracle software sales, profit beat forecasts

Reuters: Technology News
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Oracle software sales, profit beat forecasts
Dec 18th 2012, 21:33

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Oracle signage is seen outside Mocsone Center during Oracle OpenWorld 2012 in San Francisco, California October 1, 2012. REUTERS/Stephen Lam

Oracle signage is seen outside Mocsone Center during Oracle OpenWorld 2012 in San Francisco, California October 1, 2012.

Credit: Reuters/Stephen Lam

BOSTON | Tue Dec 18, 2012 4:09pm EST

BOSTON (Reuters) - Technology giant Oracle Corp reported that new software sales and cloud software subscriptions rose 17 percent from a year earlier to $2.4 billion in its fiscal second quarter ended November 30, beating its own forecasts.

The world's No. 3 software maker had forecast that new software sales would climb 5 to 15 percent from a year earlier when it last reported earnings, on September 20.

(Reporting By Jim Finkle; Editing by Gary Hill)

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