If there’s one tech company that is charging full-speed into the recovery, it’s Oracle. The company said today that profits for its third fiscal quarter ended Feb. 28 were up 78 percent to $2.1 billion, partly because Oracle is starting to get some benefit from its $7.4 billion acquisition of Sun Microsystems.
The company also raised its dividend by a penny a share, or 20 percent. It’s no surprise that the company’s stock price is up 2 percent in after-hours trading. Oracle is one of the giants of the database software industry, and its fortunes reflect the state of corporate tech buying. Its results show that a tech recovery is continuing.
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