Oracle delivered an outlook and earnings that beat Wall Street's expectations on Tuesday as companies splurged on more software and other technology toward the end of the year.
After the earnings announcement, the software maker's shares ticked higher in trading after the closing bell. (Click here to get the latest quotes for Oracle.)
Oracle said it now expects fiscal third-quarter earnings to come in between 64 and 68 cents a share. Analysts currently expect 66 cents a share.
In a conference call following the earnings report, CEO Larry Ellison said the company expects to turn the corner on hardware revenue in the third quarter and that,in the fourth quarter, they expected growth amid improving margins.