Oracle reports strong second quarter

Oracle reports strong second quarter

Summary: The company has reported strong financial results for its second quarter, as it plans to expand the reach of its Exadata platform

TOPICS: Tech Industry

Oracle delivered strong second-quarter results on Thursday, as its chief executive Larry Ellison indicated that the company has set its sights on overtaking HP.

Read this

SAP gives way on Oracle copyright accusation

The company has said it will not contest claims that it was aware of TomorrowNow's copyright infringment in its upcoming court case with Oracle, in the hope that it will significantly shorten the length of the trial

Read more+

Oracle reported fiscal second-quarter earnings of $1.87bn (£1.19bn), or 37 cents a share, on revenue of $8.6bn. Non-GAAP earnings were 51 cents a share. Wall Street analysts were expecting earnings of 46 cents a share on revenue of $8.34bn.

The company said that new software licence revenue growth in the third quarter will be 10 to 20 percent. Total revenue growth was estimated at 31 to 35 percent. Oracle president Mark Hurd said that the plan is to aim the company's Exadata platform at Oracle's 295,000 database customers.

For more on this ZDNet UK-selected story, see Oracle touts strong second quarter, Exadata pipeline; Pans HP on

Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters.

Topic: Tech Industry

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


Log in or register to start the discussion