Oracle is expecting an upturn in fortunes. Founder and chief executiveMr Larry Ellison said the current quarter "looks a lot stronger," with big deals returning after crumbling in a weak US economy.
Oracle shares ended yesterday's regular Nasdaq trading session 67 cents higher at $18.44.
On June 18th, Oracle, the world's Number 2 software maker, posted fiscal fourth-quarter earnings that matched analysts' consensus forecast.
It said it would see "zero" revenue growth and flat earnings of 8 cents a share in its first quarter, which is usually its smallest for sales.
