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Oracle Rises After Software Helps Profit Beat Estimates
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Oracle Corp., the world’s largest maker of database software, rose the most in more than four months after fiscal fourth-quarter profit topped analysts’ estimates, buoyed by sales of new software licenses.
Earnings excluding certain costs were $4.1 billion, or 82 cents a share, the Redwood City, California-based company said in a statement yesterday. That beat the 79-cent average estimate, according to data compiled by Bloomberg.