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Oracle shares hit 9-yr high on robust tech spending hopes

17th September, 19:00pm

Oracle released some very healthy financial results on Thursday ahead of its OpenWorld 2010 user event in San Francisco. The firm announced profits of $1.35bn (£863m) for the first quarter of fiscal 2011 covering June to August. This was up by 20 per cent compared to the same period last year.
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Revenues have also grown impressively, with Oracle reporting a 48 per cent rise in sales to $7.5bn (£4.8bn).

In The Press:

Oracle shares hit 9-yr high on robust tech spending hopes Reuters.co.uk - Technology, Media & Telecommunications

Oracle Quarter Profit Up, Software Sales Strong Channel Insider

Oracle shares jump on earnings MarketWatch - Technology

Oracle Announces Oracle OpenWorld, JavaOne and Oracle Develop San... Press Release

ORACLE REPORTS Q1 GAAP EPS UP 20% TO 27 CENTS; NON-GAAP EPS UP 38% TO 42... Press Release

Oracle CRM On Demand Partner Pavilion to be Showcased at Oracle OpenWorld... Press Release

Oracle to Demonstrate Innovation and Commitment to Communications, Media... Press Release

Wipro and Oracle to Co-Develop an Integration Solution to Help Consumer... Press Release

New Release of Oracle Secure Global Desktop Now Available Press Release

Meet Your Favorite Oracle Authors Oracle Blog

Oracle OpenWorld – ready to start Oracle Blog

Berkeley DB 11gR2 (11.2.5.1.19) Released! Oracle Blog

Improving ITAR compliance with Oracle IRM's document security Oracle Blog

Where to Eat During OpenWorld Oracle Blog

Oracle OpenWorld/Oracle Develop 10 Oracle Blog

Real Time Collaboration 301 Oracle Blog

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