Oracle says new software sales rose 4 percent in third quarter
The software maker had forecast that new software sales and subscriptions would be up between 2 percent and 12 percent in its third quarter, which ended in February. Investors scrutinize new software sales because they generate high-margin, long-term maintenance contracts and are an important indicator of future profit.
(Reporting by Noel Randewich; Editing by David Gregorio)