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TMCNet:  On the Call: Oracle CFO Safra Catz

[December 18, 2012]

On the Call: Oracle CFO Safra Catz

(Associated Press Via Acquire Media NewsEdge) REDWOOD SHORES, Calif. -- Oracle Corp.'s fiscal second-quarter earnings came out better than most investors anticipated, raising questions in the mind of at least one analyst whether the business-software maker might have been benefiting from customers eager to spend the rest of their annual budgets.

Safra Catz, Oracle's chief financial officer, addressed the issues Tuesday during a conference call reviewing the results for the three months ending in November.

QUESTION: It sounded like you guys are seeing a year-end budget flush, which is pretty encouraging. Were you noticing any changes in pricing or the pricing environment ANSWER: Things are going very, very well. Obviously. Things are going well. Folks want to close deals. Folks want to close deals in November. They want to continue to close deals now in December. It's good. So far so good ... . Pricing remains very good for us all around. Remember, we have the deepest, broadest product line in the industry. Really no one has everything we have. And as a result, customers, you know, when they come and buy from us, they often by many things and, as a result, I think they're happy with their pricing and we're happy with their purchases.

(c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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