Oracle revenues rise 17 percent

Oracle said in its third-quarter earnings report on Thursday that the Sun integration is going well and that its Exadata line of data warehouse appliances has proved a hit with customers.

The business software company reported fiscal third-quarter net income of $1.2bn (£807m), or 23 cents a share, on revenue of $6.4bn, up 17 percent from a year ago. Non-GAAP earnings were $1.9bn, or 38 cents a share. Wall Street was expecting Oracle to report third-quarter earnings of 37 cents a share on revenue of $6.4bn. Excluding Sun, which Oracle finally acquired in January, the company delivered revenue growth of 7 percent.

On a conference call, Oracle president Safra Catz predicted that revenue for the fourth quarter will rise 36 percent to 41 percent compared with the previous year. That outlook is roughly in line with Wall Street's $9.55bn target.