Oracle's software sales disappoint, stock plummets

Oracle missed expectations for software sales and subscriptions for the second straight quarter, sending its shares plunging as investors worried chief executive Larry Ellison may have trouble getting the technology giant back on track.

On Thursday, Oracle executives forecast that new software sales and subscriptions will rise 0 per cent to 8 per cent this quarter and blamed weakness in the past quarter on disappointing sales in Asia and Latin America.

via Business feed http://www.scmp.com/business/companies/article/1265695/oracles-software-sales-disappoint-stock-plummets