Oracle gives cautious outlook for new software revenue

Reuters News
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Posted: Sep 18, 2013 5:43 PM
Oracle gives cautious outlook for new software revenue

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)