Computing heavyweight Oracle turned in a strong financial performance for the second quarter, reporting profits that handily topped analysts’ expectations. Buoyed by a 21 percent increase in software licenses, Oracle’s overall revenue for the period checked in at $8.6 billion.
The firm also reported a strong performance in its hardware division. Oracle President Mark Hurd boasted that the company’s Exadata pipeline now totals nearly $2 billion. eCRM Guide takes a look at Oracle’s earnings.
Oracle (NASDAQ: ORCL) reported a bang up second quarter, beating Wall Street profit estimates. The computer company reported software license updates and product revenues grew 12 percent in the quarter to $3.7 billion.
The company’s net income (non-GAAP) rose 34 percent to $2.6 billion, while earnings per share rose 33 percent to $.051. Total revenues were up 47 percent to $8.6 billion.