TECHNOLOGY - June 24, 1994

Oracle Corp. Earnings, Sales Surge: The software maker reported a surge in profit and sales for its fourth quarter, an announcement that surprised Wall Street and sent the company’s stock price higher in after-hours trading. Oracle’s earnings for the quarter, which ended May 31, jumped 66% to $114.5 million, or 39 cents a share, from $69.1 million, or 23 cents a share, last year. Overall sales increased 41% to $668.1 million, from $472.6 million, including a 58% gain in U.S. revenue and a 22% gain in European sales. Oracle shares fell $1.94 to $34.625 Thursday on Nasdaq but inched higher in after-hours trading. The results came just as the stock market closed.