Oracle Shares Gain Amid Tech Decline
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Shares of software maker Oracle Corp.  rose as much as 8 percent in early trading on Wednesday, a day after the company posted strong quarterly profit fueled by steady demand for its flagship database products.
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Investors moved into software shares Monday a day ahead of an earnings report from Oracle Corp. that could give Wall Street a better idea about the pace of technology spending.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared, beating expectations at a time when investors are nervous that IT spending is slowing, and its shares climbed 4 percent.
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Shares of Oracle Corp. surged more than seven per cent Wednesday after the software maker topped Wall Street&#39;s profit forecast.
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US stocks rose on Monday after software maker PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) accepted rival Oracle Corp.&#39;s (ORCL.
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Stocks rose on the news that November  retail sales were stronger-than-expected and that Oracle Corp.  ORCL.O would buy rival business software maker PeopleSoft  Inc. PSFT.O in a $10.3 billion deal.
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Slams SAP's 'downmarket' strategy Database software giant Oracle said its first quarter profit rose by 25 per cent, with revenue and earnings per share beating Wall Street expectations for the firm.â¦
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U.S. stocks climbed on Thursday, led by technology shares, which gained on a bet that business spending will support the sector's profits even as the housing slump hampers growth in other parts of the economy.
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Oracle Corp  posted a 35 percent rise in quarterly profit on strong new software sales, beating expectations at a time when investors are wary that growth in technology spending may be slowing.
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U.S. stocks slipped on Tuesday after disappointing financial results from software maker Oracle Corp.  and electronics retailer Circuit City  sparked worries about corporate profits and the economy.
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Oracle Corp , the world&#39;s  third-largest software maker, reported a 25 percent rise in  quarterly profit on Thursday, but forecast slower growth in  sales of new software in the current quarter.
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NEW YORK  - Software giant Oracle Corp.&#39;s shares dipped while the stock of its rival, PeopleSoft, rose ahead of a court battle this week over PeopleSoft&#39;s resistance to Oracle&#39;s 18-month-old takeover bid.
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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.Total revenue grew by 28 percent to $5.3 billion, Oracle said.Excluding one-time charges, Oracle&#39;s reported earnings per share were $0.31, beating forecasts of $0.27 per share from analysts polled by Thomson Financial.Oracle logged major gains in new license revenue for applications, which rose by 63 percent, and in database and middleware products, which logged a 28 percent increase. The company saw services-based revenue grow by 22 percent to $1.2 billion over last year.(More to follow.)
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U.S. stocks added to earlier gains on  Monday after software maker PeopleSoft Inc. PSFT.O accepted  rival Oracle Corp.'s ORCL.O $10.3 billion sweetened buyout  offer and data showed better-than-expected November retail  sales.
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Stocks rebounded on Monday from last week's losses after tech bellwether IBM  posted upbeat preliminary quarterly results, spurring a broad rally in technology shares.
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INVESTORS welcomed the end of Oracleâs 18-month battle to take over PeopleSoft yesterday, pushing stocks in the United States higher.
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U.S. stocks rallied on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O $10.3 billion sweetened buyout offer and other  big deals fueled expectations for more takeovers.