Oracle rallied significantly this quarter, up 18% after reporting better than expected quarterly earnings

Oracle rallied significantly this quarter, up 18% after reporting better than expected quarterly earnings. Oracle, the world's second largest software maker after Microsoft, is part of the essential software glue that is enabling the cloud infrastructure to be built out. During the quarter they grew software license sales at 8% yoy and cloud bookings grew 140% yoy. Larry Ellison is the founder and largest shareholder and continues to be proactive and shareholder focused, as articulated by him, we are committed to returning value to our shareholders through technical innovation, strategic acquisitions, stock repurchases, prudent use of debt, and the dividend. In terms of acquisitions, we continue to focus on finding the right companies at the right valuations, and both are critically important. Larry again sums up our overriding view on Oracle's business and its potential, the customer, doesn't want to be integrator of 30 separate applications from 30 separate vendors. We have all the stuff pre-integrated. We think we're in a great position. We're getting bigger and our growth rates are getting higher. Unlike anyone else in the cloud business.