Oracle Divines a Bright Future

With strong first-quarter results, the software maker is upbeat about its bold acquisitions strategy paying off

Oracle had a lot to prove on Sept. 19, when it came time to report first-quarter results. Three months earlier, the software maker had posted a banner fourth quarter. A month after that, Oracle's chief rival SAP (SAP) had a rare earnings stumble, announcing results that fell short of expectations. The outlook for Oracle (ORCL) was brightening, and it was showing up in the stock. The shares were solidly in the vicinity of $16 for the first time since January, 2002.

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