Oracle results see profit in Sun and software

Summary:The company reported strong third-quarter results on the back of Exadata and Exalogic sales, while it forecast it would make $1.5bn in profit from its Sun business

Oracle delivered strong fiscal third-quarter results on Thursday as the company landed large hardware and software deals, and touted its Exadata and Exalogic sequential sales growth.

The software company reported third-quarter earnings of $2.1bn (£1.3bn), or 41 cents a share, on revenue of $8.8bn. Non-GAAP earnings were 54 cents a share. Wall Street analysts were expecting Oracle to report earnings of 50 cents a share on revenue of $8.7bn. In addition, Oracle raised its dividend to 6 cents a share from 5 cents a share.

Oracle president Safra Catz said that the company was "completely confident" that it will deliver $1.5bn in profit from the Sun business. Mark Hurd, Oracle's other president, said that all geographies delivered revenue growth 30 percent or higher.

For more on this ZDNet UK-selected story, see Oracle delivers strong third quarter, to hit Sun profit target on ZDNet.com.


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Topics: Tech Industry

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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

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