Oracle earnings: Sun integration succeeding
Earnings offered a little bit of everything: Sun integration is going well, Exadata is a hit, SAP took its lumps, and expectations were beat.
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 $1.2 billion, or 23 cents a share, on revenue of $6.4 billion, up 17 percent from a year ago. Non-GAAP earnings were $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 $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 $1.7 billion. Software license updates and product support revenue was up 13 percent to $3.3 billion.
Read more of "Oracle: Sun integration 'better than expected;' Exadata pipeline swells" at ZDNet's Between the Lines.