ANOTHER LETDOWN: Oracle disappointed investors for the second straight quarter as the business software maker’s total revenue and sales of new software licenses fell below analysts’ projections.
BUMPY TRANSITION: The fiscal fourth-quarter results announced Thursday underscored the challenges that Oracle faces as it tries to adapt to a technological shift that is causing more customers to pay for software through monthly subscriptions so programs can be used on any Internet-connected machine. This “cloud computing” approach differs from the traditional method of buying a license to install software on each computer.
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