The shares of US software-maker company, Oracle were notched up by more than 2%. The rise in the share prices was reported due to the better earnings of the company.

The unexpected profits were a result of company’s new programs to cater the demands of customer. The new programs include computing via the Internet which is also known as cloud computing. Following the rise, the software company has also raised its dividend. Main competitors of the company in providing "cloud computing" includes IBM, Cisco Systems and HP.

Net income of the company was increased by 78%. The revenues of the company rose by 37% and were reported to be $8.8bn.

The Software Company is in the process of releasing new versions of its business applications developed under a project known as Fusion.

Analysts claim that the results of this period were affected by the earthquake and tsunami in Japan.

The company underwent an acquisition with Sun Microsystems Inc. last year. Analysts say that the Chief Executive Officer of Oracle, Larry Ellison is doing a better job than many expected in the acquisition of Sun Microsystems.