Oracle Corp. reported its second-quarter results which exceeded analysts’ deepest expectations. According to data, Oracle Corp. saw its profit increase approximately 18 percent in the period. In these three months from September to November, companies spent more on software and other technology, thereby leading to Oracle Corp.’s better-than-expected results. Investors were not only surprised with the second-quarter results as the business software maker announced that it projected that its hardware business was to be back on track in the third quarter of the year.
Oracle Corp. has published its fiscal first-quarter profit that missed analysts’ estimates as company’s sales of computer hardware dropped for a sixth period. According to released data, Oracle Corp.’s quarterly profit grew by 11 percent, yet the noticeably weaker sales showed the slowdown in technology spending.