Oracle posts higher Q3 results

Summary:After falling short last quarter, Oracle had its work cut out for it when presenting its Q3 FY2012 earnings statement yesterday.

After falling short last quarter, Oracle had its work cut out for it when presenting its Q3 FY2012 earnings statement yesterday.

Oracle reported a third fiscal quarter net income of US$2.5 billion, or 49 cents per share. Non-GAAP earnings were 62 cents per share on a revenue of US$9.1 billion.

Wall Street was looking for third-quarter earnings of 56 cents per share on revenue of US$9.02 billion.

Ahead of the earnings announcement, analysts were debating whether Oracle's acquisition strategy is going to work as well with the cloud as it did for on-premise enterprise applications.

Oracle president Mark Hurd responded in prepared remarks that "Fusion in the cloud is winning with great success against niche HCM cloud vendors in the US and worldwide", and that Oracle's "modular, integrated platform of 100 apps available in the cloud or on-premise is a key differentiator".

Always one to take on the competition, CEO Larry Ellison compared Oracle Exalytics to SAP's Hana:

This past quarter, Oracle delivered the hardware and software for our new extreme-performance Exalytics In-Memory Machine. At the core of Exalytics is our new in-memory database technology, capable of instantaneous big-data analysis; questions are answered at the speed of thought.

And, unlike SAP's Hana in-memory appliance, Exalytics runs your existing applications. Simply plug in Exalytics, and your existing Oracle Business Intelligence applications and Hyperion Enterprise Performance Management applications run much, much faster.

Oracle CFO Safra Catz also noted in the statement that "Oracle is on track to deliver the highest operating margins in our history this year ... because we are focusing on high-margin systems where hardware and software are engineered to work together".

Via ZDNet US

Topics: SAP, Oracle

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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