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Oracle’s Profit Rises 18 Percent on Growth From Software Licenses

Published on March 20, 2012
by Drew Fitzgerald

Oracle Corp.’s fiscal third-quarter profit rose 18 percent as new licenses from the technology giant’s software business continued to offset weaker hardware revenue.

Shares rose 2.1 percent to $30.75 after hours on a stronger-than-expected core profit. Oracle’s shares had climbed 17 percent so far this year through Tuesday’s close.

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