Oracle’s stock slumped Friday in response to a disappointing fourth-quarter earnings report. Shares closed the day at $30.14, down 9.26 percent. Oracle reported its fiscal 2013 Q4 GAAP total revenue as unchanged at $10.9 billion; however, analysts had been expecting about $11.12 billion. New software licenses and cloud software subscription revenue rose 1 percent to $4 billion. Software license updates and product support revenue was up 6 percent to $4.4 billion, and hardware systems products revenue came in at $849 million.
Loading ...
Oracle Insists Competition Doesn't Account for Wan Q4
Posted by: Erika Morphy June 21, 2013 02:11 PMOracle’s stock slumped Friday in response to a disappointing fourth-quarter earnings report. Shares closed the day at $30.14, down 9.26 percent. Oracle reported its fiscal 2013 Q4 GAAP total revenue as unchanged at $10.9 billion; however, analysts had been expecting about $11.12 billion. New software licenses and cloud software subscription revenue rose 1 percent to $4 billion. Software license updates and product support revenue was up 6 percent to $4.4 billion, and hardware systems products revenue came in at $849 million.