Oracle’s Profit Rises 36 Percent on Strong Sales
Oracle Corp.’s fiscal first-quarter profit jumped 36 percent as the business-software giant’s traditional software and services offerings saw strong demand, although hardware systems sales declined.
Oracle has reported strong bottom-line growth for several quarters, as the top line benefited from the $7.4 billion acquisition of Sun Microsystems in early 2010 and increased revenue from new licenses and services. But declining sales of Oracle’s hardware products in the fourth quarter raised questions about its decision to expand beyond its traditional software business.
