Oracle, the world's No. 3 software maker, posted stronger-than-expected quarterly profit as operating margins hit their highest level ever for the period, sending its shares up 6 percent in extended electronic trading.
The company also reported a 14 percent rise in sales of new software licenses and gave an outlook for the current quarter that matched expectations Thursday, reassuring investors who had feared that the weak economy would cause Oracle to miss.
The thing is, investors have been waiting on the sidelines to see if the turmoil in the market has leaked into other industries or not. Well, Oracle showed today that it hasn't really effected sales in the tech sector. So I think we'll get a good boost in tech at least in the early hours of tomorrow morning. I would be a buyer of LWSN and MSFT at these prices and as always the big GOOG.
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