Oracle Shows Strength in Q3 Earnings

Oracle does it again. The enterprise software colossus topped Wall Street expectations for its third quarter while proving it can digest even a massive acquisition like Sun Microsystems with aplomb.

But if Oracle CEO Larry Ellison’s rhetoric is accurate, the company’s success can also be attributable to taking “huge chunks” of business away from archrival SAP. Datamation takes a look at the numbers (and some of Ellison’s choice words for his competitors.)

Oracle topped analysts’ sales and earnings estimates again in its third quarter, raking in $1.2 billion, or $0.23 a share including one-time charges and expenses, on sales of $6.4 billion.

The $6.4 billion in sales represents a 17 percent improvement from the year-ago quarter when it earned $1.3 billion, or $0.26 a share, on sales of $5.5 billion.

“Our solid top line growth, coupled with disciplined expense management, was key in generating $8.0 billion of free cash flow over the last twelve months,” Oracle CFO Jeff Epstein said in the earnings statement.

Read the full story at Datamation:

Oracle Delivers Strong 3Q Earnings, Sales

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