Oracle looking forward after sales slump

Software maker Oracle says it may have seen the worst of a sales slump that contributed to a 7.7 per cent drop in fourth-quarter earnings.

Software sales fell 10 per cent to $US1.66 billion ($4 billion) in the quarter ended May 31 as businesses cut computer-related spending. Fourth-quarter net income fell to $US855 million from $US926 million a year earlier.