Oracle (Quote, Chart) posted better than expected results late Thursday on strong application and database sales.
Orcale, which pre-announced better than expected results last week, reported May quarter earnings of 29 cents a share. Sales rose 25% to $4.85 billion, with database and middleware new license revenues up 18% and applications new license sales up 83%, or 56% on an organic growth basis (excluding acquisitions). Services revenues rose 13%.
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