Practice shows once more that some leading industrial companies are hardly affected by the economic uncertainty and crisis. Oracle Corp. is among them.
The new financial survey highlights that the company faces more than a 6-percent growth in stock price. What does it prove?
Oracle Corporation is one of the major companies developing database management systems (DBMS), tools for database development, middle-tier software, enterprise resource planning software (ERP), customer relationship management software (CRM) and supply chain management (SCM) software.
The company was founded in 1977, and since that has earned the reputation of a reliable and stable company.
The growth of the company’s stock price is marked by high sales of software licenses that reached 38 percent, $1.67 billion. The prediction was milder.
Inspired by the achievements Oracle expects to earn 29 cents or 30 cents per share in the fiscal third quarter.
The reason of such high prices and sales can be found in the company’s strong position and expansion, thus making it software industry‘s equivalent of a Costco warehouse. And the strong position is secured thanks to proven technologies with proven value. But the rivals like IBM Corp., SAP AG and Microsoft Corp. are not going to surrender.