Oracle's new software sales edge up 1 percent

SAN FRANCISCO, June 20 Thu Jun 20, 2013 4:08pm EDT

SAN FRANCISCO, June 20 (Reuters) - Oracle Corp on Thursday reported a 1 percent increase in new software sales and Internet-based software subscriptions to $4 billion in its fiscal fourth quarter, at the low end of its own forecasts.

The company, the world's No. 3 software maker, had forecast a 1 percent to 11 percent rise in new software license and cloud subscription revenue. Investors scrutinize new software sales because they generate high-margin, long-term maintenance contracts and are an important indicator of future profit.

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