Oracle Beats Expectations in Latest Quarter

Oracle, one of the largest software makers in the world, made investors smile on Tuesday. Even though the company had year-over-year drops in both profit and sales, Oracle was able to beat most expectations.
In their last quarter, most experts believed the company would have sales of about $6.5 billion. Instead, Oracle had $6.9 billion in sales. Compared to last year, Oracle’s sales were down about 5%.
In 2008, this quarter saw Oracle profit approximately $2 billion. In 2009, that number was down to about $1.9 billion. However, that was still better than expectations.
The main reasons why Oracle says they saw their …read more