After market close Thursday, Delaware-based Oracle Corp. (NASDAQ:ORCL) announced net income of $1 billion, or 21 cents a share, for their first quarter in 2008. This compares to net income of $840 million, or 16 cents per share, in the same period last year. Revenue for the quarter was $5.3 billion, compared to $4.5 billion in the year-ago period. Analysts had predicted revenue of $5.4 billion. Shares of Oracle were up 9.65 percent to $20.65 in morning trading.

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