Oracle gives cautious outlook for new software revenue

An Oracle Corporation logo is seen on stage prior to the announcement of the company's latest SPARC servers at Oracle Conference Center in Redwood Shores, California March 26, 2013. REUTERS/Stephen Lam·Reuters
Reuters
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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)

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