Overall, Redwood City, CA-based Oracle earned on a non-GAAP basis 64 cents per share on $9.094 billion in revenue, thanks in part to new software licenses and cloud software subscriptions revenues, which rose 17% year-over-year.
Analysts polled by Thomson Reuters were expecting second-quarter earnings of 61 cents per share on $9.01 billion in revenue.
Meanwhile billionaire chief executive and founder Larry Ellison made a strong case that the company's acquisitiveness is paying off.
In reference to a $7.5 billion 2009 acquisition of Sun Microsystems, Ellison said "Sun has proven to be one of the most strategic and profitable acquisitions we have ever made," in a press release."Sun technology enabled Oracle to become a leader in the highly profitable engineered system segment of the hardware business. I believe that products like Exadata and the SPARC SuperCluster will not only continue to drive improved profitability in our hardware business, by the end of this fiscal year, they will also drive growth in our hardware business," Ellison added. All things told, Ellison and Oracle finish 2012 as they entered the year - on the chase for deals and in search of product and revenue growth that are expected to payoff in coming years. While Ellison and president Mark Hurd are agressors in the tech sector, they've also been able to boast about the deals they didn't cut such as a multi-billion offer for British software specialist Autonomy, which was acquired by Hewlett Packard (HPQ) for over $10 billion in Aug. 2011. In November, Oracle put out a pres release showing Autonomy had approached it for a deal, but that Ellison & Co. were only willing to pay roughly half of HP's eventual price tag. Eloqua shares rose over 31% in early Thursday trading to $23.50, while Oracle shares traded slightly higher to $34.19, adding to 5%-plus gains made in the wake of the company's Dec. 18 earnings. Follow @agara2004 -- Written by Antoine Gara in New York
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV