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Good news from Oracle is better news for the U.S. economy
03/26/2010 12:25 pm EST
But still the big excitement was the good news about the U.S. economy in the company’s results.
Sales of software applications in Oracle’s Americas market unit climbed 26% year over year. License revenue, an indicator of new demand, grew 11% for the company’s database products and 21% for its applications unit. (Oracle’s other main source of revenue comes from maintenance contracts on already purchased software.)
The general macro economy continues to improve, Oracle management said, with enterprise (that is, corporate) customers showing an increasing willingness to spend.
That’s good news for more companies than just Oracle.