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
Post a Comment