Oracle Reports 3Q14 Revenue of $9.3 Billion
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Oracle reported its third quarter fiscal 2014 earnings on March 18, with revenue coming in at $9.3 billion, for a four percent year-over-year gain.
Hardware systems products revenues were reported at $725 million, for an eight percent year-over-year increase. The big winner within the hardware category is Oracle's Engineered Systems category, with revenue growth of over 30 percent.
"Our engineered systems business is growing rapidly for the same fundamental reasons that our cloud applications business is growing rapidly," Larry Ellison, CEO of Oracle, said during his company's earnings call. "In both cases, customers want us to integrate the hardware and software, and make it work together so they don’t have to."