Oracle's Ellison Declares Sun Acquisition a Success
Page 1 of 1
Ever since Oracle's bid to acquire Sun Microsystems closed in 2010 Oracle has been building on the Sun business. Now after two years, Oracle CEO Larry Ellison is ready to declare the acquisition a success.
"Our $7.5 billion purchase of Sun has already proven to be the most and profitable acquisition Oracle has ever made," Larry Ellison, CEO of Oracle, said on Tuesday during his company's second quarter fiscal 2013 earnings call.
It was another solid quarter for Oracle overall, and Ellison is clearly seeing solid returns from Sun technologies. For the quarter, Oracle reported revenue of $9.1 billion, which is a 3 percent year-over-year increase.
With the acquisition of Sun, Oracle gained a host of both hardware and software technologies.