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Wall Street Is Still Waiting on the Oracle Debate to Settle

Kevin Curran

is climbing quickly after reporting strong earnings on Wednesday evening, but analysts still advise that the stock's longer-term trajectory is up in the air. The shares ran almost 9% near midday, building on a strong year that has taken the stock more than 20% higher to a record level. The move on the day was aided by a quarterly report that assuaged some late-cycle fears on software spending as strong cloud license results overshadowed continued deceleration of hardware sales.