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Wednesday, March 21, 2012 Oracle Q3 earnings up in stronger U.S. economyOracle Corp., the world's third largest software company earned $2.5 billion for its third quarter, an 18 percent increase from net income of $2.1 billion for the same period last year, as the company attributed an improving U.S. economy, higher sales of new software licenses and growth in hardware sales. "All we really needed to do was focus on execution, and that we did," said Safra Catz, Oracle's president and chief financial officer, to a group of analysts on conference call. The Associated Press reported Oracle's third quarter that runs from December through February, coincided with the best three months for job hires in the U.S. in two years. The A.P. reported Oracle's uptick could be a positive signal that companies are now more willing to purchase new software.
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