Financial Times FT.com

Oracle announces dividend in wake of robust earnings

By Richard Waters in San Francisco

Published: March 18 2009 23:32 | Last updated: March 18 2009 23:32

Continued spending by companies to handle the explosion of data on which their businesses depend helped Oracle, the database software company, avoid the worst effects of the downturn and post stronger than expected earnings for its latest quarter, according to figures released on Wednesday.

In a show of confidence, Oracle also announced the first dividend in its 23 years as a public company, with a quarterly payment of five cents.

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