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Oracle reports second-quarter earnings of $1.87 billion, or 37 cents a share, and says its Exadata pipeline is nearing the $2 billion mark.
Second-quarter earnings were strong, revenue was light, and the hardware business continued to struggle overall. But Larry Ellison calls the Sun purchase the "most strategic" deal the company has made.
Oracle met analysts' estimates of $0.53 per share but fell short of expected revenues by $210 million. Software sales were up six percent.
Data base giant unveils Oracle Cloud, and effort that has been under development for six years.
A brief survey of acquisitions indicates that integration appears to be the way to go. What does that mean about the line Microsoft is walking with the Skype acquisition?
Oracle's software revenue--applications, middleware, and databases--was solid, but hardware sales lagged.
Oracle bought Sun which had previously bought an independent storage company, STK. Oracle's new storage strategy: storage is a feature of the Oracle application.
Apparently, Oracle is still seeing a pop in pent-up demand from 2009 and 2010. In other words, it's closing large deals.
Oracle reports strong fourth-quarter earnings as database and application sales surge, but hardware system revenue was a bit light relative to expectations.
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.