Insiders have revealed that world’s leading software company is facing shaky economies across the globe. The company has already earned huge benefits from the buyout of Sun Microsystems over a year ago.
Investors are arguing to keep up the same figures is going to be tad difficult for Oracle. In past five years, Oracle has been continuously showing great results, helped by the series of acquisitions.
According to the latest report, analysts are estimating an 18 per cent rise in profit for Oracle’s fiscal fourth quarter, ended May 31. However, many are concerned about the company's outlook for the current quarter’s new software sales, which are important for long-term growth.
It is assumed that Oracle’s forecast for the current quarter will be lower than the analysts’ expectations. Recently, Oracle's shares saw 10 percent dip since the end of April, sources cited.
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