Oracle software sales beat its forecast

Reuters News
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Posted: Jun 23, 2011 4:18 PM
Oracle software sales beat its forecast

BOSTON (Reuters) - Oracle Corp's new software sales rose 15 percent during its fourth quarter ended May 31, beating its own forecasts of 4 percent to 14 percent growth.

The world's No. 3 software maker also reported profit, excluding items, of 75 cents per share, beating Wall Street estimates of 71 cents.

(Reporting by Jim Finkle; Editing by Bernard Orr)