Oracle’s latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year. The results announced Tuesday are an improvement from Oracle’s previous quarter, when the business software maker’s revenue dipped slightly from a year earlier.
The latest quarter spanned September through November. That makes Oracle the first technology bellwether to provide insights into corporate spending since the Nov. 6 re-election of President Barack Obama and negotiations to avoid the so-called fiscal cliff began to heat up in Washington. Oracle Corp. said it earned $2.6 billion in its fiscal second quarter. That compares with net income of $2.2 billion a year ago.