Oracle results see profit in Sun and software

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

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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.

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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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