Oracle's (Quote, Chart) financial reserves saw an infusion of cash from an outpouring of outsourcing contracts secured in the last three months, the company said.
The Redwood Shores, Calif.-based firm, which reported its fiscal third quarter financial statement Thursday, said at least seven new large-scale
contracts helped contribute to its $2.5 billion in third quarter revenues
and $635 million in net income. Oracle also said its earnings of 12-cents
per share were in line with analysts expectations.
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