Oracle Profit Beats Forecast

Article Source InformationWeek
June 24, 2009, 5:05 am

Oracle Corp reported quarterly earnings above expectations as the No. 3 software maker’s profit margin hit a record thanks to robust growth in its maintenance business, sending shares up 2.7 percent.

The company run by billionaire Larry Ellison also reported a smaller-than-expected drop in new software sales and said it grabbed market share from SAP in certain segments–signs that Oracle may be weathering the downturn better than rivals…

Read More