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Oracle says Sun trading will increase profits

Source: Internet
Author: User
Keywords Accounting standards Oracle operating profit profit growth
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Beijing time July 15 morning news, according to foreign media reports, Oracle said in Tuesday, not in accordance with U.S. general accounting standards, the acquisition of Sun's deal will be in the first year after the completion of the deal for Oracle to add at least 15 cents per share of earnings. Oracle said Sun would generate more than $1.5 billion trillion in operating profits for Oracle in the first year after the deal was completed, based on the Sun's initial earnings calculation, which would increase to more than $2 billion in the second year. The deal is still subject to approval by shareholders and regulators and is subject to other trading conditions. (Tangfeng)

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