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Slideshow Roofless in Brazil Thousands have joined a growing Roofless Movement who find shelter in abandoned or vacant buildings in Sao Paulo. Slideshow Sponsored Links Oracle beats outlook, shrugs off fiscal debate Tweet Share this Email Print Related News GE sees 2013 sales up despite "fiscal cliff" fears Mon, Dec 17 2012 Dollar General feels heat from competition, economy Tue, Dec 11 2012 Both sides dig in on "fiscal cliff," but "nothing going on" Wed, Dec 5 2012 Pandora Media lowers outlook as fiscal cliff looms Tue, Dec 4 2012 Wall Street ends higher after swings on 'fiscal cliff' Thu, Nov 29 2012 Analysis & Opinion Tax hikes conservatives can love How could HP find a $5bln gap in Autonomy’s value? Related Topics Investing Simplified » Tech » Media » Oracle signage is seen outside Mocsone Center during Oracle OpenWorld 2012 in San Francisco, California October 1, 2012. Credit: Reuters/Stephen Lam By Jim Finkle and Noel Randewich BOSTON/SAN FRANCISCO | Tue Dec 18, 2012 8:39pm EST BOSTON/SAN FRANCISCO (Reuters) - Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers. Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed Wall Street forecasts. Oracle President Safra Catz told investors that businesses were still looking to spend money already allocated to 2012 technology budgets. "Folks want to close deals," she told analysts on a conference call following the earnings release on Tuesday. There has been "no negative impact on pricing. Pricing remains very good for us." Oracle said software sales would grow 3 to 13 percent this quarter, which runs through February. It expects fiscal third-quarter hardware products sales to be flat to down 10 percent from a year ago. The company's software and hardware forecasts were roughly in line with Wall Street expectations, according to FBR Markets analyst Daniel Ives. Oracle reported that software sales and cloud software subscriptions rose 17 percent from a year earlier to $2.4 billion in its fiscal second quarter ended November 30. It had forecast that new software sales would climb 5 to 15 percent from a year earlier, when it last reported earnings on September 20. "I would call it an early Christmas present," Ives said. "It's a positive sign for the overall technology sector." Investors pay close attention to new software sales because they generate high-margin, long-term maintenance contracts and are an important gauge of the company's future profits. Oracle posted a second-quarter profit, excluding items, of 64 cents per share, beating the average analyst forecast of 61 cents according to Thomson Reuters I/B/E/S. Jefferies & Co analyst Ross MacMillan said Oracle's results are encouraging for other makers of business software, many of which end their quarter on December 31. OFF A CLIFF Some investors have worried that corporations would postpone spending on technology projects because of uncertainty over the year-end deadline for Congress and U.S. President Barack Obama to reach a compromise to thwart an automatic rise in tax rates and government spending cuts. Failing to reach a deal, economists say, could lead to another U.S. recession. Catz said Oracle's customers are still spending on software. "What's going on in Washington - I don't know who it's necessarily influencing today. But I can tell you, our customers have been spending money with us even here in December." On Tuesday, Oracle forecast earnings per share in the current fiscal third quarter of 64 to 68 cents, excluding items. That was about level with an average forecast for 66 cents. "It tells you that there's still money being spent by enterprises on software. It's not like the world has ground to a halt," MacMillan said. The picture was not so bright for Oracle's troubled hardware division, which it acquired with its $5.6 billion purchase of Sun Microsystems in January 2010. The division's revenue has fallen every quarter since it closed that deal. Hardware systems product sales fell 23 percent from a year earlier to $734 million. Oracle had forecast that hardware sales would drop between 8 and 18 percent. Chief Executive Larry Ellison told analysts he expected hardware systems revenue to start growing in the fiscal fourth quarter which begins March 1. Oracle shares rose to $33.30 in extended trade after closing at $32.88 on Nasdaq. 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