Oracle: Sun integration 'better than expected'

Earnings offered a little bit of everything: Sun integration is going well, Exadata is a hit, SAP took its lumps, and expectations were beat.
Written by Larry Dignan, Contributor

Oracle's fiscal third quarter earnings had a little bit of everything: The Sun Microsystems integration is going well; Exadata is a hit; SAP took its lumps; and the bottom and top lines topped Wall Street expectations. For good measure, Oracle threw in a dividend.

The company reported third quarter net income of US$1.2 billion, or 23 cents a share, on revenue of US$6.4 billion, up 17 percent from a year ago. Non-GAAP earnings were US$1.9 billion, or 38 cents a share. Wall Street was expecting Oracle to report third quarter earnings of 37 cents a share on revenue of US$6.35 billion. Excluding Sun, Oracle delivered revenue growth of 7 percent.

Meanwhile, new software license revenue for the quarter was up 13 percent to US$1.7 billion. Software license updates and product support revenue was up 13 percent to US$3.3 billion.

Read more of "Oracle: Sun integration 'better than expected;' Exadata pipeline swells" at ZDNet.com.

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