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 strategic
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.
Hardware system revenues made up $734 million of the total, and software license and support revenues came in at $4.3 billion. Net income came in at $2.6 billion, for an 18 percent year-over-year gain.
With the acquisition of Sun, Oracle gained a host of both hardware and software technologies.
Read the full story at ServerWatch:
Sun Pays Off for Oracle as Q2 Earnings Grow
Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.
