Oracle Corp. , the second-largest software maker, rose in Nasdaq trading after forecasting profit for this quarter that may top analysts’ predictions, a sign it’s benefiting from an acquisition-fueled expansion into hardware.
Oracle Corp ., the world’s top supplier of database software, forecast fourth-quarter profit that exceeded analysts’ predictions as companies stepped up spending on hardware and the programs needed to organize data.
Dell Inc. plans more data-storage acquisitions following the $960 million purchase today of Compellent Technologies Inc. to strengthen its hand in the market against rivals Hewlett-Packard Co. and EMC Corp.
Oracle Corp. reported sales and profit that missed analysts’ estimates as corporate customers transitioning to Web-based programs bought less hardware and software. The shares fell the most since 2011.