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Oracle (NASDAQ:ORCL) Looks to the Cloud

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The software giant is struggling to gain traction in the hardware business. But its innovative new products and an improving US economy should give it a boost.

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Nonetheless, the company continues to fully embrace the cloud:

"A little more than a week from now, we will announce lots of enhancements to the Oracle Cloud," said Oracle CEO Larry Ellison in the earnings release. "There are more CRM, ERP and HCM applications as a service, and more Oracle database, Java and social network platform services."

US Election Should Bring Some Clarity

Another event that should help spur more corporate investment, including in information technology, is the November presidential election. Many in the investment community feel that Mitt Romney's policies make him business-friendly, but no matter what the result, with the election behind us, corporations will have a better sense of the regulatory and taxation framework for at least the next four years.

That could help shake some of that massive cash hoard loose-and put Oracle in a great position to attract more corporate customers.

This article by Chad Fraser was originally published on Investing Daily.

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Twitter: @investingdaily
No positions in stocks mentioned.
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