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Oracle's Q2 profits down 1 percent, revenue up 2 percent to $9.3 billion
2013-12-19 13:30:59| InfoWorld: Top News
Oracle's second-quarter revenue rose 2 percent to $9.3 billion while net income dropped 1 percent to $2.6 billion, with new software license and cloud subscription revenue flat and hardware product revenue continuing a long slide. New software license and cloud subscription revenue remained at $2.4 billion for the quarter ended Nov. 30, Oracle said in its announcement Wednesday. But revenue from the annual maintenance payments its on-premises software customers make to Oracle grew 6 percent to $4.5 billion.
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Category:Information Technology