Oracle riding high

The company is announcing new products this week, keeping momentum after shares hit a 9-year high.

By Kim Peterson Sep 21, 2010 1:44PM
Oracle (ORCL) shares were down a bit Tuesday as enthusiasm subsided after the company's stellar earnings report last week. The stock hit a nine-year high Friday.

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.
Since the acquisition, Oracle now sells hardware and software. The company is front and center in the recovery in business spending, the FT reports. Its software license revenue is up by a third from a year ago.

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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