Oracle Expected to Post Sharp Gains
A general recovery in spending by businesses purchasing the company's software is why Oracle Corp. is expected to post sharp gains in profit and sales when it reports fiscal first-quarter earnings after the market's close Thursday.
According to this WSJ.com report, Wall Street will also be looking for signs of how well the company's hardware business is proceeding.
“Oracle Corp. (ORCL) is expected to post sharp gains in profit and sales when it reports fiscal first-quarter earnings after the market's close Thursday, largely because of a general recovery in spending by businesses purchasing the company's software.
“Wall Street will also be looking for signs of how well the company's nascent hardware business is proceeding. Oracle closed its purchase of Sun Microsystems earlier this year, and some speculate that the company may be hunting for other deals in the hardware market.”
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