On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
52° Feels Like: 52°
Wind: N 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 49°

Tomorrow

Mostly Sunny 74°

Thurs Night

Mostly Clear 46°

Alerts

Oracle gives cautious outlook for new software revenue

An Oracle Corporation logo is seen on stage prior to the announcement of the company's latest SPARC servers at Oracle Conference Center in R
An Oracle Corporation logo is seen on stage prior to the announcement of the company's latest SPARC servers at Oracle Conference Center in R

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)

Comments