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Latest Business News

Oracle's 3Q Profit Rises 35 Percent

Wednesday, March 21, 2007 9:22:31 AM
By MICHAEL LIEDTKE

 People walk by murals advertising the upcoming Oracle OpenWorld convention at the Moscone Center in San Francisco in this Oct. 20, 2006 file photo. Business software maker Oracle Corp. is expected to report quarterly earnings, Tuesday, March 20, 2007. (AP Photo/Marcio Jose Sanchez, file)SAN FRANCISCO (AP) - Business software maker Oracle Corp. has a tough act to follow as it tackles the biggest quarter of its fiscal year.

In the latest sign that an expensive expansion is paying off, Oracle's profit and new software sales both outstripped analyst expectations during its fiscal third quarter that ended in February.

Chief Financial Officer Safra Catz described the performance as Oracle's best third quarter in at least five years.


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