Summary Box: Oracle’s net income jumps 25 pct in first full quarter with Sun Microsystems
By APThursday, June 24, 2010
Summary Box: Oracle’s net jumps 25 pct
THE PROFIT: Oracle Corp.’s net income jumped 25 percent in the most recent quarter. CEO Larry Ellison trumpeted momentum in the company’s efforts to sell computer hardware and in its showdown with IBM Corp.
THE FUEL: Oracle’s sales of new software licenses rose for the third straight quarter. It was also Oracle’s first full quarter with Sun Microsystems under its belt.
THE BIG PICTURE: The numbers reflect the increasing importance of Oracle’s push into hardware. Ginning up momentum in Sun’s slumping hardware business will be critical for Oracle.
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