Thursday, September 17, 2015

Oracle Revenue Forecast Disappoints as License Sales Continue Falling - The New York Times

A partly cloudy day for Oracle

"Sales of Oracle's cloud-computing software and platform service rose 34 percent to $451 million. Sales of traditional software licenses fell 16 percent to $1.51 billion.

Wall Street was expecting cloud-based sales to increase 35 percent and licensed software sales to decline 17 percent, according to RBC Capital Markets.

"In the foreseeable future the database business continues to be a dark cloud over the company's head," FBR Capital Markets analyst Daniel Ives said."
Oracle Revenue Forecast Disappoints as License Sales Continue Falling - The New York Times
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