Oracle’s CEO, Larry Ellison has become acquisition-minded to get into the applications realm of software. His army of programmers for long time did not reach his aspirations. The new technology is on the street. Some of the most advance technologies we can find in a famous garages rather than in formal corporations. Although when you want to buy more than technology, a market we have to turn our attention to the more formal companies.
This week, Elllison is gaining weight. His binge seems to be paying off handsomely. Oracle’s recently announced fiscal fourth-quarter profit jumped 23%, thanks to products added through recent acquisitions such as Hyperion Solutions, Stellent and MetaSolv, according to this WSJ. article. And, the company’s stock is up more than 30% in the past year.
Business like any other day.