Strong software sales push Oracle shares to 19-month high
(Reuters) – Shares of Oracle Corp, the world’s No. 3 software maker, rose 4 percent to their highest in 19 months on Wednesday after it forecast strong sales for next year, prompting several brokerages to raise their price targets on the stock. The company’s results often set the tone for smaller software makers, and analysts said the 17 percent jump in its quarterly software sales boded well for the industry. Investors pay close attention to new software sales as they generate high-margin, long-term maintenance contracts and are an important gauge of a company’s future profits. . . .
View full post on Tech News Headlines – Yahoo! News
Leave a Reply