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Ultimate Software 3Q Profit Jumps (AP via Yahoo! Finance) - Human resources software provider Ultimate Software Group Inc. said Tuesday its third-quarter profit nearly doubled from last year, helped by strong recurring revenue.

Nokia to bring Oracle software to corporate phones (Reuters via Yahoo! News) - Finland's Nokia (NOK1V.HE) has added access to some Oracle business software to some phone models of its loss-making enterprise unit.

UCN has option to buy software, customer base (Deseret Morning News) - UCN Inc. said Tuesday it has the option to buy ScheduleQ LLC's software and customer base by Feb. 8 or convert to a 10-year nonexclusive agreement to private-label the software within UCN's inContact product family.

Oracle Buys OSS Software Provider MetaSolv (CBR via Yahoo! UK & Ireland News) - The annual OpenWorld event has not put a halt to Oracle Corps ongoing acquisitions, with day one bringing the news that the company intends spending around $219.2m to acquire communication software provider MetaSolv Software Inc.

Microsoft plans discounts for software upgrades (Seattle Times) - Customers who buy a new PC loaded with Windows XP or Office 2003 this holiday season will get a discount on upgrading to new versions of the software...

Software AG's Third-Quarter Net Rises 13% on Licenses (Update4) (Bloomberg.com) - Oct. 24 (Bloomberg) -- Software AG, Germany's second-largest software maker, said third-quarter profit rose 13 percent, beating analysts' estimates, as sales of licenses increased. The stock climbed to an almost five-year high.

Ultimate Software 3Q Profit Jumps (KiplingerForecasts.com) - (AP) WESTON, Fla. Human resources software provider Ultimate Software Group Inc. said Tuesday its third-quarter profit nearly doubled from last year, helped by strong recurring revenue.

Featured Trial Downloads: IBM Rational Software Architect (Linux Today) - Unify all aspects of software design and development. Leverages model-driven development with the UML for creating well-architected applications and services.

S&P Says Software Credit Trends Negative (AP via Yahoo! Finance) - Software and services companies -- such as CA Inc. and Computer Sciences Corp. -- have become more willing to increase their financial risks, as shown by a slew of debt-financed share buybacks, Standard & Poor's said in a report Tuesday.

UBS Ups Software AG Price Target (New Ratings) - 0544 GMT [Dow Jones] UBS raises Software AG (SOW.XE) target to EUR52 from EUR45.70, lifts '06 EPS estimate to EUR2.60 from EUR2.56, and '07 EPS to EUR2.98 from EUR2.88, on back of 3Q results.