Oracle said the current quarter "looks a lot stronger," with big deals coming back after crumbling in a weak US economy.
"Our current quarter looks a lot stronger than our previous quarter," Ellison said during a press conference at the company's headquarters.
"We're seeing some of the big deals coming back," Ellison said. The enterprise software companies has seen revenues fall short of Wall Street expectations after corporate customers cut spending on large projects.
On June 18, Oracle posted fiscal fourth-quarter earnings that matched analysts' consensus forecast and said it would see "zero" revenue growth and flat earnings of eight cents a share in its first quarter, which is usually its smallest for sales.
