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Oracle reports first quarter growth

21 Sep 2012 12:00 AM | Anonymous

Oracle has reported first quarter net income of $2 billion, up by 11 percent, while revenue fell by 2 percent.

While engineered systems combining Oracle services grew by over 100 percent, hardware system revenues fell by 24 percent as the IT giant defocused on community server services.

Oracle CEO Larry Ellison, said: “"A little more than a week from now we will announce lots of enhancements to the Oracle Cloud."

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