In Applications Manager version 9.4.1 and 9.4.0, the so_version table shows the incorrect version of 9.3 instead of 9.4.
Release : 9.4, 9.4.1
Component : Applications Manager
As a workaround, this value can be manually updated via sqlplus. Sql for update:
update so_version set so_version_no='9.4';
commit;
This is fixed in Applications Manager version 9.4.2 and higher.