Oracle turns in a healthy third quarter

Software company reports earnings of $2.11 billion on revenue of $8.76 billion for the fiscal third-quarter. It also says it will hit Sun profit target for the year.

Oracle delivered strong fiscal third-quarter results as it landed large hardware and software deals. The company touted its Exadata and Exalogic sequential sales growth.

The software company reported third-quarter earnings of $2.11 billion, or 41 cents a share, on revenue of $8.76 billion. Non-GAAP earnings were 54 cents a share. Wall Street was expecting Oracle to report earnings of 50 cents a share on revenue of $8.67 billion.

Oracle co-president Safra Catz said the company was "completely confident" that it will deliver $1.5 billion in profit from the Sun business for the fiscal year.

Read more of "Oracle delivers strong third quarter, to hit Sun profit target" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

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