Tuesday, December 18, 2012

Reuters: Hot Stocks: Oracle new software sales rise

Reuters: Hot Stocks
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Oracle new software sales rise
Dec 18th 2012, 21:09

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

BOSTON Dec 18 (Reuters) - Technology giant Oracle Corp reported that new software sales and cloud software subscriptions rose 17 percent from a year earlier to $2.4 b i l lion in its fiscal second quarter ended Nov. 30, bea ting it s 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 Sept. 20. (Reporting By Jim Finkle; Editing by Gary Hill)

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