Oracle’s sales meet muted expectations

 
City A.M. Reporter
LE l

LE last night said quarterly software sales and subscriptions grew in line with tempered forecasts, ending two quarters of misses.

Oracle said new software sales and internet-based subscriptions rose four per cent to $1.7bn (£1bn) in its first quarter. Overall revenue rose two per cent to $8.37bn. Net profit rose to $2.19bn, or 47 cents per share, compared to $2.03bn, or 41 cents per share a year ago.

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