Oracle profits from Sun and sales

Summary:The company has produced improved fourth quarter results with boosts from strong hardware sales and operating profits from Sun

Oracle has delivered a better-than-expected fourth quarter courtesy of strong hardware sales, notably an operating profit at Sun and strong sales of Exadata database machines.

The company on Thursday reported earnings of $2.4bn (£1.6bn), or 46 cents a share, on revenue of $9.5bn, according to a statement. Non-GAAP earnings were 60 cents a share, well ahead of the 54 cents a share expected by Wall Street. Sales were in line with expectations, but Oracle's profit got a boost from better-than-expected hardware sales.

Sun contributed about $400m in non-GAAP operating income. In a statement, Oracle chief financial officer Jeff Epstein said Sun had $1.2bn in systems revenue.

For more on this story, see Oracle: Sun profitable; Exadata sales pipeline nears $1 billion on ZDNet.com.

Topics: Tech Industry

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.