Acquisitions Help Oracle Profit Climb 29%
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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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Oracle Corp.  on Tuesday reported a 16 percent rise in quarterly profit fueled by steady demand for its flagship database software, but executives warned that customers were still cautious about spending on technology.
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By Ryan Blitstein, San Jose Mercury News, Calif.  Dec. 18--Oracle earned $967 million during the second quarter, an  increase of 21 percent from the same quarter last year, the company said  today.
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Business software maker Oracle Corp.  on Monday posted a higher quarterly profit on firm demand for its market-leading database software.
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Oracle Corp. on Tuesday reported  a 16 percent rise in quarterly net income as the world's second  largest software company benefited from steady demand for its  flagship database software.
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Oracle (ORCL) on Tuesday posted a 16% jump in quarterly earnings, surpassing analyst estimates, despite listless sales in an area it hopes to buttress by buying rival PeopleSoft (PSFT).
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Oracle Corp. ORCL.O on Tuesday  reported a 16 percent rise in quarterly net income as the  world's second largest software company benefited from steady  demand for its flagship database software.
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Cisco Systems, the largest maker of Internet networking equipment, said its first-quarter profit rose 29 percent.
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Strong Q2 software sales pushed Oracle's total revenue up 28 percent to $5.3 billion.
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Fresh off a surprising legal victory in its bid to acquire PeopleSoft, Oracle reported a 16 percent jump in profit Tuesday, beating Wall Street&#39;s estimate by a penny.
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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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SAN FRANCISCO Shares of Oracle, the software maker, were up more than 7 percent in late trading Wednesday, a day after the company said its first-quarter earnings rose 16 percent on strong demand for its flagship database programs.
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BUSINESS software maker Oracle&#39;s quarterly earnings just exceeded analyst expectations, overcoming sluggish sales in applications the company hopes to remedy through its takeover bid for rival PeopleSoft.
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U.S. stocks gained on Friday as stronger-than-expected results from software maker Oracle Corp  and Nike Inc  brightened the profit outlook.
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Oracle Corp. on Tuesday reported a 16 percent rise in quarterly net income as the world's second largest software company benefited from steady demand for its flagship database software.
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Robust software sales pushed Oracle&#39;s second-quarter net income up 35 percent compared to the same period last year, to $1.3 billion, or $0.25 per share, the company said Wednesday.
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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.