Oracle's new software sales rise 4 percent in first quarter
SAN FRANCISCO, Sept 18
SAN FRANCISCO, Sept 18 (Reuters) - Oracle Corp on Wednesday reported a 4 percent increase in new software sales and Internet-based software subscriptions to $1.7 billion in its fiscal first quarter, in line with its own forecasts.
The world's No. 3 software maker had forecast that new software sales and subscriptions would be unchanged or rise as much as 8 percent in the first quarter. 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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