Thursday, March 27, 2008

Oracle Profit Rise Fails to Calm Investors -

Looks like it might be an enterprise tech wreck day on Wall Street

Oracle Corp. reported a 30% profit jump and 21% revenue increase for its fiscal third quarter -- but the results still stoked investor concerns that its many acquisitions haven't insulated it from economic woes, driving its shares down in after-hours trading.

The company also gave financial guidance in line with Wall Street expectations. It forecast numbers that show it expects earnings per share in the current quarter ending May 31 to grow 19% to 23% from the year-earlier period. The company projects revenue growth of 15% to 19%.

Oracle Profit Rise Fails to Calm Investors -

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