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Oracle's Earnings Soar 80%, Fueled by Database-Software Sales

 

Oracle(ORCL Quote) easily exceeded Wall Street's expectations Tuesday as its earnings rose 80%, driven by continued revenue growth in the company's flagship database products and applications.

Oracle reported net income of $498 million, or 17 cents per share in the third fiscal quarter ended Feb. 29, excluding one-time gains. That compares with earnings of $277 million, or 9 cents a share, in the year-earlier quarter.

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