After the close, Oracle announced that its fiscal first-quarter profit grew 25% compared to the same period a year earlier. The software designer banked a profit of $840 million, or 16 cents per share, compared to its year-ago profit of $670 million, or 13 cents per share. Sales during the quarter climbed 26% to $4.53 billion. Excluding items and expenses, earnings came in at 22 cents per share, beating the Street estimate by a penny.

In after-hours action, the stock is up more than 2% after gaining roughly 1% in regular trading. The stock also tagged a new annual high of $21.31 during the regular trading session today. The security has been in a solid uptrend since January 2004.

In options trading today, the stock was the focus of some brisk activity. The out-of-the-money September 22.50 call traded more than 14,000 contracts on open interest of roughly 22,600 contracts, while the September 20 call traded roughly 10,600 contracts on open interest of 50,800 contracts. The puts were also busy, with the September 20 put seeing more than 20,000 contracts cross the tape today. Open interest currently stands at 23,000 contracts.