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Oracle’s fiscal 4Q sales disappoint Wall St. again

By Michael Liedtke
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SAN FRANCISCO (AP) — Oracle is still having trouble closing enough business software deals to keep Wall Street happy.

The quarterly results announced Thursday could escalate investors’ fears about Oracle’s ability to adapt to the changing demands of its customers. Businesses and government agencies are increasingly buying software through monthly or annual subscriptions that enable employees to access applications on any machine with an Internet connection. This “cloud computing” approach is a shift from Oracle’s traditional approach of licensing software that is installed on individual computers kept on the premises of its customers.

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