Oracle riding high
The company is announcing new products this week, keeping momentum after shares hit a 9-year high.
But we'll still hear plenty about Oracle this week: The company is unveiling new products to developers and other fans at its annual Oracle OpenWorld show in San Francisco. Some 41,000 people are expected to attend.
And while an unbreakable Linux kernel and elastic clouds may not mean much to most of us, Oracle's announcements are ginning up enthusiasm within a devoted user base. The company has been on a tear lately, and it shows no signs of slowing down.
Oracle acquired Sun Microsystems last year, and getting the two companies to mesh was a formidable task. It could have been disastrous, but the Financial Times reports that the integration is progressing well.
Gross margins will be a big story for Oracle, which wants to get into the 60% range. In the recently reported quarter, margins were up to 48%, the FT reported.
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The stock rises 9% after the company reveals strong second-quarter results.
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