Oracle’s flagship database business is poised again to be a growth engine of the world’s second-largest software company.

Sales of Oracle software used to store and manage info rebounded in the quarter that ended Nov. 30, after two straight quarterly declines, according to a report released Dec. 17. New database and middleware license sales, a closely watched indicator of future revenue, gained nearly 2 percent to $1.2 billion. The results came after database sales tumbled 22 percent in

the preceding quarter, leading to a 5 percent drop in overall revenue.

Sales of database licenses and support contracts contributed two-thirds of software revenue last year at Oracle, a tech industry bellwether. Oracle has spent more than $30 billion to diversify into business applications in the past five years, but the database business is still the company’s core. The decline in database sales during the quarter ended in August, and uncertainty about […]

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