All posts from in,

Oracle revenue forecast disappoints as license sales continue falling


View photo

The Oracle logo is seen on its campus in Redwood City, California June 15, 2015. REUTERS/Robert Galbraith

By Abhirup Roy

(Reuters) - Oracle Corp's (ORCL.N) sales fell more than expected in the first quarter, hurt by a strong dollar and a continued drop in licensed software sales and the company warned revenue could fall in the current quarter even on a constant currency basis.

Like its rivals such as SAP (SAPG.DE), IBM Corp (IBM.N) and Microsoft Corp (MSFT.O), Oracle is striving to boost Internet-based software sales to head off fast-growing competitors such as Inc (CRM.N).

But, analysts have said Oracle's cloud software business has not been growing fast enough to make up for declines in the 38-year-old company's licensed software business due to reasons ranging from slow customer adoption to...