Oracle Corp., the biggest company developing database management systems, boosted its extended trading by 7.5 percent after its top officials affirmed that the company is capable of enduring an economic slump.

Oracle expanded $1.56 to $22.32 in late trading yesterday. The stock declined 49 cents to $20.76 in regular Nasdaq Stock Market trading.

Oracle is developing database management systems, tools for database development, middle-tier software, enterprise resource planning software, customer relationship management software and supply chain management (SCM) software. Such programs are vital for day-to-day business tasks and this makes it much harder for Oracle’s clients to curb spending when the economy slows, Chief Executive Officer Larry Ellison declared yesterday.

The California-founded company forecasted that its third-quarter revenue will rise as much as 23 percent, pointing toward sales of $5.47 billion.

"The forecast is very healthy,'' Goldman, Sachs & Co. analyst Sarah Friar said for Bloomberg in an interview from San Francisco. She advised those interested in her advice on the matter to buy Oracle shares, although she doesn't own any.

Leaving out the stock-based compensation costs, the profit is expected to rise to 29 cents or 30 cents a share in the third quarter, which ends in February, said Oracle from it headquarters in Redwood City, California.

Analysts had predicted profit of 29 cents a share and sales of $5.2 billion.
Oracle is doing quite well and it increased its market share while competition with its main rivals SAP AG and International Business Machines Corp.

It 63-year-old CEO, Lawrence (Larry) J. Ellison, spent $25 billion in the past three years as Oracle bought several smaller software makers and expanded into new areas.

Oracle’s latest acquisitions have broadened the company's portfolio and reduced the company’s dependence on sales to companies in any particular industry that might be suffering in an eventual economic slump.

"It's a diversified applications business," Chief Executive Officer Larry Ellison said during a conference call on the results.