Oracle shares fly as results loom

But will Ellison turn in a good quarter?...

Shares in Oracle closed up by more than seven per cent overnight as traders anticipated fourth quarter results due out today. Analysts and investors will be eyeing the company's financial projections for signs of a recovery in the IT sector. As of close, shares in the company were worth $9.20 however, they continued to climb in after hours trading by an additional 0.49 per cent