Rocela responds to the Oracle Q3 results

Earnings growth indicates tech spend recovery but should concern strategic vendor managers

Beating its own forecast from last quarter and also Wall Street estimates, Oracle’s recent Q3 results reported a 13% increase in new software licenses; with its applications business reporting an impressive 21% increase in new license sales.  Support and maintenance fees also grew by 13%, illustrating that businesses have once again turned their attention to software.

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