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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.
Oracle's software revenue--applications, middleware, and databases--was solid, but hardware sales lagged.
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.
As this historic year wraps up, let's take a look back at what shaped the burgeoning cloud computing market in 2010. Of course, with the holidays upon us, it only seems right to choose the top 12.
Later today, as Salesforce CEO Marc Benioff kicks off his company's Dreamforce conference, he'll announce a push into Oracle's territory: databases.
Despite the tensions between the two companies over new Oracle Co-President Mark Hurd, HP and Oracle coexist peacefully at OpenWorld.