Oracle Corp. felt the recession effect later than most companies in the technology sector. But the software maker does not have to wait as long to recover.
The producer of database and business software posted a 17% raise in revenue for its fiscal third quarter, marking its second successive quarter of growth after a string of declines in the recession.
While Oracle's profit fell 11% in the quarter because of charges related to its achievement of computer-server maker Sun Microsystems Inc., which closed in late January, the company forecast strong growth. Oracle projected total revenue for the current quarter would jump 31% to 36% from a year earlier.
"Our channel is very strong in both software and hardware," said Safra Catz, Oracle's co-president.
The demand is coming from clients like Matthew Leeds, vice president of operations at digital media company Gracenote, a division of Sony Corp. Mr. Leeds thought he plans to buy software from Oracle and hardware from Sun before the end of the month. "I have the budget so I'm placing an order," he said.
The producer of database and business software posted a 17% raise in revenue for its fiscal third quarter, marking its second successive quarter of growth after a string of declines in the recession.
While Oracle's profit fell 11% in the quarter because of charges related to its achievement of computer-server maker Sun Microsystems Inc., which closed in late January, the company forecast strong growth. Oracle projected total revenue for the current quarter would jump 31% to 36% from a year earlier.
"Our channel is very strong in both software and hardware," said Safra Catz, Oracle's co-president.
The demand is coming from clients like Matthew Leeds, vice president of operations at digital media company Gracenote, a division of Sony Corp. Mr. Leeds thought he plans to buy software from Oracle and hardware from Sun before the end of the month. "I have the budget so I'm placing an order," he said.
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