Oracle Surges Despite Revenue Miss

Shares of database giant Oracle(ORCL Quote) rose Friday as investors shrugged off the firm's second-quarter revenue miss and the effects of the strengthening dollar.

For the second quarter of fiscal 2009, Oracle posted revenue of $5.6 billion, a 5% increase from the same period last year, although that was below analysts' estimate of $5.84 billion.

Oracle's stock nonetheless rose $1.22, or 7.3%, to $17.83, underlining investors' continuing faith in the company, which has been battling both a rising greenback and a weakening global economy. ...