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

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

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.


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