Oracle Corp ( ORCL ) soared 8% on heavy volume a day after the software maker posted a 19% jump in quarterly profit, impressive results in a tough environment. Analysts had expected the company's business management applications PeopleSoft and Siebel to suffer in the ongoing credit crunch. Oracle's first-quarter income increased to 29 cents a share before acquisition-related expenses, beating consensus estimates by 11.54%. Company President Safra Catz said, "If a customer is buying, they're much more likely to be buying from us." After the results, analysts said Oracle is gaining market share at the cost of peers like Microsoft ( MSFT ) and IBM ( IBM ). This stock received another boost this morning along with other tech stocks as the Federal government sought to address the on-going credit crisis. Analysts forecast earnings of $1.46 a share for fiscal 2009. However, in spite of stellar results in a seasonally weak quarter and a positive outlook for the future, Oracle trades at a trailing P/E of 13.99X, a slight discount to the S&P 500 index. "ORCL" Free Stock Analysis: Buy? Sell? Hold? Zacks Investment Research