With ORCL no longer a bellwether – preferring Twitter or yesterday’s IPO as an indicator of the health of the world economy – we are sure investors will simply shrug at the tech firm’s top- and bottom-line miss (again):
- *ORACLE 3Q ADJ. EPS 68C, EST. 70C
- *ORACLE 3Q ADJ. REV. $9.32B, EST. $9.36B
But the big question is – who knew early!?
Oracle Corp on Tuesday said new software sales and Internet-based software subscriptions in its fiscal third quarter roes 4 percent from a year earlier.
The software maker had forecast that new software sales and subscriptions would be up between 2 percent and 12 percent in its third quarter, which ended in February. Investors scrutinize new software sales because they generate high-margin, long-term maintenance contracts and are an important indicator of future profit.