Is Oracle the Best Tech Stock to Buy Now?
Published Fri, 25 Mar 2011 on The Motley Fool

Shares of Oracle (Nasdaq: ORCL ) are trading more than 3% higher today after reporting better than expected third-quarter results last night. Revenue soared 37% to $8.76 billion. Non-GAAP profits improved to $0.54 a share. Analysts were expecting $8.67 billion and $0.50 a share, respectively. Sun helped drive the gains. The company's $7.4 billion purchase of the one-time server superstar has helped Oracle to create a thriving hardware business. Revenue related to sales of its Exadata database appliance and Exalogic cloud-computing appliance more than tripled year-over year. Overall, hardware accounted for 19% of Q3 revenue.... Read more