Wednesday, March 21, 2007

Oracle Results Reflect Successful Acquisitions - WSJ.com

Relentless... 

Oracle Corp. has become the software industry's great consolidator and its latest results appear to show that its acquisition strategy is panning out.

The Redwood Shores, Calif., software maker posted a 35% jump in profit and a 27% jump in revenue for its third quarter ended Feb. 28, in a sign that it has so far successfully digested its string of acquisitions, which are meant to boost its momentum in a maturing software industry. Oracle Chief Financial Officer and President Safra Catz called the performance "outstanding...across all the product lines and all geographies."

Source: Oracle Results Reflect Successful Acquisitions - WSJ.com

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