Rocco Penn Follow A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.

Oracle’s second quarter was better than expected

December 19, 2013 22 sec read

Oracle’s second quarter results were better than expected and the company said software as a service bookings growth was 35 percent. New software licenses and cloud subscriptions sales were up 1 percent from a year ago and the company’s hardware business appears to have stabilized.

Oracle Corporation (NYSE: ORCL) today announced that both fiscal 2014 Q2 GAAP and non-GAAP total revenues were up 2% to $9.3 billion. GAAP new software licenses and cloud software subscriptions revenues were unchanged at $2.4 billion, while non-GAAP new software licenses and cloud software subscriptions revenues were down 1% to $2.4 billion. Both GAAP and non-GAAP software license updates and product support revenues were up 6% to $4.5 billion.

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Rocco Penn Follow A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.

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