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Oracle Shows Strength in Q3 Earnings

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Oracle topped analysts' sales and earnings estimates again in its third quarter, raking in $1.2 billion, or $0.23 a share including one-time charges and expenses, on sales of $6.4 billion.

The $6.4 billion in sales represents a 17 percent improvement from the year-ago quarter when it earned $1.3 billion, or $0.26 a share, on sales of $5.5 billion.

"Our solid top line growth, coupled with disciplined expense management, was key in generating $8.0 billion of free cash flow over the last twelve months," Oracle CFO Jeff Epstein said in the earnings statement.