Oracle touts strong quarter, Exadata pipeline

Oracle on Thursday delivered a strong second quarter and said its Exadata pipeline is nearing the US$2 billion mark. CEO Larry Ellison made it clear that Oracle's biggest target is Hewlett-Packard (HP).

Oracle reported fiscal second quarter earnings of US$1.87 billion, or 37 cents a share, on revenue of US$8.6 billion. Non-GAAP earnings were 51 cents a share. Wall Street was looking for earnings of 46 cents a share on revenue of US$8.34 billion.

The company said that new software license revenue growth in the third quarter will be 10 percent to 20 percent. Total revenue growth will be 31 percent to 35 percent. Non-GAAP EPS for the third quarter will be 48 cents a share to 50 cents a share, better than the 46 cents a share expected by Wall Street.

Read more of "Oracle touts strong second quarter, Exadata pipeline; Pans HP" at ZDNet.