Oracle's acquisitions bring strong Q1 profit
Oracle earned a record $670 million (13 cents per share), up 29 percent from $519 million (10 cents) last year. Revenue was also a record at $3.5 billion, up almost 30 percent from $2.7 billion last year. CEO Larry Ellison used the good news as ammunition for attacking top rival SAP, claiming SAP is two years behind Oracle's business software plan. SAP officials replied with a statement that Oracle's software is merely vaporware and unfulfilled promises.
For more on Oracle:
- read this AP article
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