Oracle profits from Sun and sales

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

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TOPICS: Tech Industry
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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.

Topic: Tech Industry

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