Oracle's shopping spree finally pays off

Oracle's income jumped 27 percent to $1.3 billion (24 cents a share) for its fourth quarter, compared with $1.02 billion (20 cents) last year, while revenue jumped 25 percent to $4.85 billion from $3.88 billion. The improvement is impressive considering Oracle's $20 billion spent on acquisitions in the past 18 months. For the year, Oracle has profits up 17 percent to $3.38 billion (64 cents) from $2.87 billion (55 cents) last year, while revenue jumped 22 percent to $14.38 billion from $11.8 billion. Maybe people should listen to Larry Ellison more often.

For more on Oracle:
- check out this AP article