Mar 26, 2011

As Recovery Drives Dig Data Growth Oracle Earnings Soar 78 Percent
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Written by : Tom George| 0 | Business

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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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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