Oracle’s sales meet muted expectations

City A.M. Reporter
ORACLE 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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