Software Maker Triples Its Profit
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CA Inc. reported Thursday that quarterly profit ballooned as it cut expenses and the weak dollar helped bolster revenue from overseas operations.
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REDMOND, Washington, Oct 21  - The world&#39;s biggest software company, Microsoft Corp, said Thursday that its first quarter profits swelled to 2.9 billion dollars as consumers and businesses pumped up demand for new computers.
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Microsoft Corp. , the world's largest software maker, on Thursday reported that its quarterly profit doubled on stronger demand for personal computers and video games as well as lower costs.
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Oracle Corp. on Tuesday reported  a higher quarterly profit as the world's second largest  software company benefited from steady demand for its flagship  database software.
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(MENAFN) The world&#39;s biggest software company, Microsoft Corp, said that its first quarter profits grew to $2.9 billion as consumers and businesses boosted demand for new computers, AFP reported.
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US software giant Oracle posted higher profits for the past three months, boosted by new business products gained from acquisitions.
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Oracle Corp.  posted  higher quarterly profit on Thursday on stronger-than-expected  new software license revenue and said it was taking share from  major rivals SAP AG  and IBM
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Computer Sciences Corp. CSC.N, one  of the world's largest technology services companies, on  Tuesday posted a higher quarterly profit, driven by strong  European revenue that got a lift from the weak dollar.
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Oracle, the world&#39;s second largest software producer, has seen first quarter profits surge 16% on the back of strong sales of database products.
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The software company's stock rises on improved second-quarter numbers.
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The increase resulted from a sharp rise in sales in its business software unit, the company said.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  driven by demand for the company's core software products from  businesses and higher sales of personal computers and servers.
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Oracle Corp. ORCL.O posted a   quarterly profit on Tuesday that topped Wall Street estimates   as new business software license revenue rose, sending its   shares up 13 percent to their highest in four years.
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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, has returned to profit.
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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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Fourth-quarter earnings surged on higher revenue as the photo film manufacturer staked out a bigger position in digital photography.
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The pioneer in pay-to-play enterprise software has seen its stock more than double since going public in August.