Oracle gives cautious outlook for new software revenue
SAN FRANCISCO (Reuters) - Oracle Corp Chief Financial Officer Safra Catz said on Wednesday she expects fiscal second-quarter new software and subscription revenue to decline as much as 4 percent or rise as much as 6 percent.
She and Oracle President Mark Hurd told analysts on a conference call that software maker's quarterly outlook was cautious due to lackluster enterprise IT spending in the United States and Europe.
(Reporting by Noel Randewich; Editing by Carol Bishopric)
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- Twitter backtracks on block feature after users revolt
- Iran angry over U.S. sanctions, nuclear talks interrupted
Thousands line up to say goodbye to Nelson Mandela, whose body is lying in state in Pretoria. Slideshow