Oracle Rises as Forecast, Results Top Estimates on Cloud Computing Demand

A boom in demand for Oracle's databases used in cloud computing -- the delivery of software and storage over the Internet -- also contributed to a 29 percent gain in new license sales, a predictor of revenue. “The future looks bright,” said Patrick ...

Read more at: http://www.bloomberg.com/news/2011-03-25/oracle-rises-as-forecast-results-top-estimates-on-cloud-demand.html