Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
D.C.
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Mass.
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
N.Carolina
N.Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
S.Carolina
S.Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
W.Virginia
Wisconsin
Wyoming
Law Firm Website Design Companies : The Good, The Bad, and The Ugly

Oracle's Acquisitions Boost Profits

  Mergers & Acquisitions  -   POSTED: 2007/03/20 22:07

Oracle shares surged ahead in after-hours trading on Tuesday after the software company reported a 35% jump in third-quarter profits, boosted by its new portfolio of acquisitions and licensing deals.

Oracle (nasdaq: ORCL - news - people ) said strong sales of its applications, which helps businesses maximize efficiency and manage finances, raised earnings for the period that ended Feb.28, to $1.03 billion, or 20 cents per share, from $765 million, or 14 cents per share, for the corresponding period a year ago. On the continuing operations basis, Oracle reported 25 cents per share, solidly beating the Street consensus of 23 cents a share and the company’s December guidance.

The software maker’s shares were up 2.74%, 48 cents, to $18.03 during after-market trading on Tuesday.

After a lackluster second quarter, Oracle managed to secure a slew of new licensing contracts as consumers warmed up to the company’s acquisition strategy.

“There was a lot of consumers on the fence,” said Trip Chowdry, a software analyst for Global Equities Research, in an interview. “They wondered, 'Is Oracle putting enough muscle behind their acquisitions?' Clearly, Oracle has done a strong outreach program to alleviate consumer concerns.”

In a controversial shift in strategy, founder and chief executive officer, Larry Ellison started to gobble up boutique software outfits a few years ago. In three years, Oracle has acquired some 30 companies and put over $23 billion on the line. While it is the reigning database software maker, it is eager to grab market share from SAP (nyse: SAP - news - people ), the top business applications provider.


Legal News | Breaking News | Terms & Conditions | Privacy

ⓒ Breaking Legal News. All Rights Reserved.

The content contained on the web site has been prepared by BLN as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. Affordable law firm web design company
   More Legal News
   Legal Spotlight
   Exclusive Commentaries
   Attorney & Blog - Blog Watch
   Law Firm News  1  2  3  4  5  6 
   Lawyer & Law Firm Links
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
Family Law in East Greenwich, RI
Divorce Lawyer, Erica S. Janton
www.jantonfamilylaw.com
Oregon DUI Law Attorney
Eugene DUI Lawyer. Criminal Defense Law
www.mjmlawoffice.com
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
www.lawrsm.com
Chicago, Naperville IL Workers' Compensation Lawyers
Chicago Workplace Injury Attorneys
www.krol-law.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
Los Angeles Immigration Documents Service
New Vision Immigration
www.immigrationnew.com
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
   More Legal News  1  2  3  4  5  6
   Legal News Links
  Click The Law
  Daily Bar News
  The Legal Report
  Legal News Post
  Crisis Legal News
  Legal News Journal
  Korean Web Agency
  Law Firm Directory