Oracle Reports Rising Software Sales

Posted in pre-market 
September 17th, 2010

Oracle Corporation (NASDAQ: ORCL) was up 3.98% this morning in pre-market trading to $26.37 following news that software sales had increased 25% for the company.  At 8:35 AM EST the company had already traded 1,018,675 shares, compared with the daily average of 29,926,200.  This move also came during a 52-week range of $20.10 to $26.63.

Oracle is a technology company the works in both hardware and software.  The company’s quarterly earnings and revenue forecasts also beat out Wall St. expectations.

-Michael B. Sauter

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