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Oracle Q3 net income rises 78%

Chris Kanaracus, IDG News Service | March 24, 2011
Oracle's net income for the third quarter ended Feb. 28 rose 78% to $2.1 billion over the same period last year, helped by strong software sales and an improving hardware business, the company said Thursday. Revenue for the quarter jumped 37% to $8.8 billion.

Miro knows of roughly 20 multimillion dollar Exadata deals that have closed in the past 10 to 12 weeks, both for its own clients and others, Colon said. The firm has even added specialized staff to deal with Exadata-related sales.

Oracle is known for giving significant discounts on software licenses' list price. However, "they're a lot tighter on Exadata than on their other products," Colon said.

But Miro is not hearing a buzz about Oracle's second integrated system, the application server Exalogic, apart from the company's own marketing presentations, he added.


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