Oracle Reports 2Q14 Earnings
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Oracle reported its second quarter fiscal 2014 earnings late Wednesday with revenue reported at $9.3 Billion for a two percent year-over-year gain. Looking forward, Oracle President and CFO Safra Katz provided guidance for the third quarter fiscal 2014 revenue to grow between two and six percent on a year-over-year basis.
One particular area highlighted by Oracle was its overall hardware business, which grew by two percent during the quarter. The hardware business has been one that Oracle has been trying to turnaround in recent quarters and CEO Larry Ellison is now confident that his company has now turned the corner.