Oracle Rocks 4Q Despite Sluggish Economy, But Predicts Tough Summer
Oracle Corp. impressed the street by exceeding analyst expectations for its 4Q in a conference call Wednesday. For the period ended in May: Net income rose 27% to $2.04B (.39/share) from $1.6B (.31/share) in the year-ago quarter. Oracle’s previous revenue growth projection was 14% to 18%. Revenue increased 24% to $7.24B, and net income (excluding
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