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Archive Home > 2008 > September > 19 > Oracle profit rises 28%, beats expectations

Oracle profit rises 28%, beats expectations


September 19, 2008

Oracle Corp. said Thursday its fiscal first-quarter profit jumped 28 percent, beating Wall Street’s expectations, as software sales stayed steady despite turmoil in the U.S. economy.

The business software maker’s net income for the three months ended Aug. 31 rose to $1.08....

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