Oracle’s Software Sales May Fall This Quarter
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Bloomberg News
Oracle Corp. said its fiscal first-quarter software sales probably will fall, compared with an earlier forecast that they would be little changed, because it hasn’t seen improvement in corporate spending.
The Redwood City, Calif.-based company said it probably will meet its profit forecast of 8 cents a share for the quarter ending this month because of cost-cutting.
Oracle shares fell 83 cents to close at $15.16 on Nasdaq.
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