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Oracle Corp. reports increased demand for Business Software

21 Mar 2012 12:00 AM | Anonymous

Oracle Corp. has observed a boost in German trading following reports of a quarterly profit, indicative of a growing demand for programs that help companies organize data and run operations.

This comes following an overhaul of Oracle Corp after poor results during the previous quarter. Since the changes the company has reported increase in shares of 2.3 percent.

Oracle has also been making acquisitions to broaden its offerings in cloud computing software delivered over the Web. It agreed last month to buy Taleo Corp. (TLEO), a maker of online human resources software, for $1.9 billion, its second Web software acquisition in less than four months.

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