Oracle beats third quarter estimates with strong software sales

 Larry Ellison is still on target for World domination; or at least for a large slice of the IT pie.

Oracle Corporation reported revenues of $9.1bn for the third fiscal quarter, up 3% from the same period the year before, beating analysts’ expectations. Oracle said software license revenues rose 7% to $2.4bn, while analysts expected only 3% growth for the quarter. Software license updates and product support revenues were up 8% to $4.1bn, but hardware systems product revenues were down 16% to $869m.

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