Oracle Corp.'s first-quarter profit climbed 36% as strong sales in its core software business eased concerns that the uncertain economy would stop businesses from spending on technology.
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The company, which makes databases and other business software, said Tuesday that its software sales grew 17% in the fiscal period ended Aug. 31, as overall revenue increased 12% from a year earlier. The Redwood Shores, Calif., company predicted growth will continue in the current quarter, but at a slower rate.
