Money | tech stocks Oracle Blasts Forecasts With 35% Profit Software maker rides spending spree to another big quarter By Matt Cantor Posted Dec 19, 2007 6:25 PM CST Copied Oracle Corp. CEO Larry Ellison, right, and President and CFO Safra Catz, smile during Oracle Open World conference in San Francisco, Wednesday, Nov. 14, 2007. (AP Photo/Paul Sakuma) (Associated Press) Database software-maker Oracle surprised analysts today, reporting its income surged 35 percent in the second quarter to $1.3 billion, thanks to the success of new programs and customer-support contracts. Experts had expected sales of approximately $5.03 billion, Bloomberg reports, but the company boasted sales of $5.36 billion—pulling in a profit of 25 cents per share. “A solid result in a challenging environment has to give investors a reason to cheer,” one Morgan Stanley analyst said. “Oracle even beat our expectations for top-line revenue growth.” Spurred by $25 billion spent on acquiring other companies, Oracle is sailing through its seventh consecutive quarter of 20-percent-plus sales growth; the company’s stock has risen 21 percent this year. Read These Next New Fox star, 23, misses first day after car troubles. White House rolls with Trump's 'daddy' nickname. Supreme Court ruling is a big blow to Planned Parenthood. Man accused of killing his daughters might be dead. Report an error