Oracle Shares Plunge On Grim Earnings, OutlookShares of Oracle plunged almost 14 percent in early morning trading Wednesday, a day after the business software company said it was struggling to close deals.
Oracle Quarterly Profit Spikes 78 Percent Oracle Corp. reported Thursday its net income rose 78 percent in the most recent quarter. The database software maker was helped by a rise in new software license sales.
Oracle Income Up 28 Percent On Strong Software License SalesOracle’s net income jumped 28 percent as companies spent more liberally on technology for back offices.

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