NEW YORK (

TheStreet

) -- Strong earnings from tech companies helped

lift the Nasdaq

0.8% to 2,757 in afternoon trading Friday.

Oracle

(ORCL) - Get Report

rose 2.87% to $33.06 after

topping analyst projections

for the third quarter.

The

software giant reported

an adjusted profit of $2.76 billion, or 54 cents a share, up from $1.95 billion, or 38 cents a share during the year-ago period. Revenue rose 37% to $8.8 billion in the latest quarter from $6.4 billion last year.

The average estimate of analysts polled by Thomson Reuters was for earnings of 50 cents a share on revenue of $8.67 billion.

Saba Software

(SABA)

jumped 6.73% to $8.72 after posting a decline in third-quarter profit, which wasn't as steep as analysts had projected.

On Friday the company was upgraded by Feltl & Co. to a strong buy.

Apple

(AAPL) - Get Report

rose 1.82% to $351.25 as new shipments of the iPad 2 arrived in Apple stores and third-party retail locations in the U.S., according to blog

Boy Genius Report

. Apple's online store has also moved down its shipping estimates for the device to 3-4 weeks from 4-5 weeks.

Research In Motion

(RIMM)

, meanwhile, saw shares drop 10.62% to $57.28 after its guidance for the current quarter fell short of analyst expectations.

The

BlackBerry-maker issued

first-quarter guidance of $1.47 to $1.55 a share on revenue of $5.2 billion to $5.6 billion, below analyst expectations of $1.65 a share on sales of $5.64 billion.

Business processes provider

Synnex

(SNX) - Get Report

fell nearly 8% after reporting that its first-quarter net income declined from the year-ago period.

The company earned 80 cents per share, compared to 98 cents per share last year.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

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