December 18, 2012 – Oracle Corp. reported fiscal second quarter sales and profit that topped analysts’s estimates on growing demand for on-demand software.

CEO Larry Ellison has been using acquisitions – including RightNow Technologies last yer and Taleo Corp. this year – to add cloud computing software that customers can access online rather than run on servers. That’s helping Oracle fend off competition from smaller rivals such as Inc. and Workday Inc., which also offer Internet- based business products.

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