Java Entrepreneur

Oracle: Sun Acquisition’s Going Just Fine

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Oracle recently reported its first quarter earnings, announcing significant jumps in sales and revenue.

"The Sun integration is going even better than we expected," says company president Safra Catz. "We believe that Sun will make a significant contribution to our fourth quarter earnings per share as well as meet the profitability goals we set for next year."

"Oracle's Sun integration got off to a fast start, as the company on Thursday reported an 18% sales increase from the year-ago quarter," writes CNNMoney's Annalyn Censky.

"The company reported third-quarter net income of $1.2 billion, or 23 cents a share, on revenue of $6.4 billion, up 17 percent from a year ago," writes CNET News' Larry Dignan. "Non-GAAP earnings were $1.9 billion, or 38 cents a share."

"In addition to helping Oracle show some revenue growth compared with a quarter without Sun, it also looks like Oracle is making big cuts into Sun's spending habits," writes MarketWatch's Therese Poletti. "Based on Sun's last public financial filing, it looks like Oracle is slicing research and development and sales, general and marketing."

"So the whole Sun idea seems to be working out OK so far, as Larry Ellison brings a measure of common sense to a sloppy operation," writes The Motley Fool's Anders Bylund. "That's one way to unlock value from a buyout."

More here from Information Age … and more here from The Register.