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.