Seeking Alpha

Weak top-line results and guidance aren't enough to keep Oracle (ORCL +1.8%) from trekking...

Weak top-line results and guidance aren't enough to keep Oracle (ORCL +1.8%) from trekking higher, as investors cheer the company's huge buybacks and decent software license growth. Mark Hurd used Oracle's earnings call to tout new customer wins for Oracle's high-end Exalogic and Exadata systems, but paid no heed to the weak sales seen for cheaper gear. Larry Ellison bragged Oracle continues to take database share from IBM and Microsoft, and predicts new sales investments will pay off in the coming quarters.
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