Oracle post improved profits as acquired companies shine

Oracle post improved profits as acquired companies shine

Database industry giant Oracle has posted improved quarterly profit and revenue figures.

The company easily managed to top the market expectations.

Oracle gained from strong sales of new software programs. They have been pretty aggressive when it comes to acquiring smaller companies to expand product portfolio.

Safra Catz, Oracle’s president and chief financial officer spoke about this improved performance: “The strength of the quarter comes down to the fact that we are selling more products to more customers in more industries.”

The company posted second-quarter profit of $1.3 billion, or 25 cents a share. Revenues for Oracle were up at $5.3 billion.