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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.
In a nine-year deal, the Salesforce.com and Oracle clouds -- including applications, platform, and infrastructure -- will be integrated.
Sales were in line with expectations, but the software giant's profit got a boost from better-than-expected hardware sales.
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's software revenue--applications, middleware, and databases--was solid, but hardware sales lagged.
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 met analysts' estimates of $0.53 per share but fell short of expected revenues by $210 million. Software sales were up six percent.
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.
Apparently, Oracle is still seeing a pop in pent-up demand from 2009 and 2010. In other words, it's closing large deals.
Data base giant unveils Oracle Cloud, and effort that has been under development for six years.