Share “News Summary: Oracle's 2Q results bring...”

News Summary: Oracle's 2Q results bring good news

Published on NewsOK Modified: December 18, 2012 at 6:15 pm •  Published: December 18, 2012
Advertisement

SALES STILL FLOWING: Oracle's latest quarterly earnings climbed 18 percent, showing big companies are still buying software and other technology despite the specter of the U.S. economy falling off a fiscal cliff in the new year.

POSITIVE SIGN: In a key measure of health tracked by investors, Oracle's sales of new software licenses and online subscriptions increased 17 percent from the same time last year. That's encouraging because those sales typically spawn more revenue in the future from upgrades.

INVESTORS IMPRESSED: Based on the reaction after the results came out late Tuesday, Oracle's stock price could be headed for a new 52-week high Wednesday.


AROUND THE WEB

  1. 1
    Janis Joplin's Bandmate Talks Heroin, Pool Hangs in Exclusive Doc Clip
  2. 2
    Pope to say D.C. Mass in Spanish in bow to 'Hispanic population'
  3. 3
    Man pleads guilty in Stillwater near-beheading case
  4. 4
    Google unveils new logo with emphasis on apps, devices
  5. 5
    Woman arrested after reportedly hitting Oklahoma restaurant employee with beer bottle
+ show more

FEATURED JOBS



× Trending business Article