More on Oracle:  New software license/cloud subscription growth only 1% Y/Y in FQ4 (was -2% in...

|By:, SA News Editor

More on Oracle:  New software license/cloud subscription growth only 1% Y/Y in FQ4 (was -2% in FQ3 and +17% in FQ2), at low end of guidance of 1%-11% (cloud competition to blame?). Software license/product support sales +6% (+7% prior), hardware product sales -13% (-23% prior), at high end of guidance of -13% to -23%. Engineered systems sales +45%, Oracle claims share gains against IBM's System p line. ERP/HR/CRM cloud app sales +50% Y/Y, total cloud business on $1B/year run rate. $2.8B spent on buybacks, limiting EPS miss. Company moving to NYSE. ORCL -6.3% AH. CC at 5PM ET (webcast), guidance should be provided. (PR)