Oracle Profit Tops Forecasts as Acquisitions Boost Sales
Oracle reported third-quarter earnings of 25 cents a share after U.S. markets closed Tuesday, beating forecasts.
Sales for the quarter came in at $4.41 billion, the software company said.
On average, analysts expected earnings of 23 cents per share on $4.33 billion in revenue, according to a Thomson Financial survey.
Shares of the company rose over 4% in after-market trading after gaining more than 2% earlier Tuesday.
"We exceeded guidance on every metric with strong revenue growth across all product lines and in all geographies," said Oracle President and Chief Financial Officer Safra Catz.