Oracle has reported GAAP total revenues of $9bn for the third quarter of fiscal 2012, up 3% from the same quarter previous fiscal.
The company has registered 18% GAAP net income growth to $2.5bn for the third quarter, while non-GAAP net income grew 13% to $3.1bn.
GAAP earnings per share grew 20% in the third quarter compared to same quarter last fiscal, while non-GAAP earnings per share went up by 15%.
The company’s both GAAP and non-GAAP new software license revenues were up 7% to $2.4bn, whereas both GAAP and non-GAAP hardware systems products revenues were down 16% to $869m.
Oracle President Mark Hurd said hardware revenue for the company’s engineered systems grew 139% this quarter and going into Q4, it has a record pipeline.
"In applications, Fusion in the Cloud is winning with great success against niche HCM cloud vendors in the US and worldwide. Our modular, integrated platform of 100 apps available in the cloud or on-premise is a key differentiator," Hurd said.
Oracle has posted GAAP operating income of $3.3bn in the third quarter, up 11% compared to same quarter prior fiscal, while GAAP operating margin rose by 37%.
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Non-GAAP operating income for the quarter grew 8% to $4.2bn, and the company registered 46% growth in non-GAAP operating margin.
Oracle CEO Larry Ellison said this past quarter the company delivered the hardware and software for its new extreme-performance Exalytics In-Memory Machine.
"At the core of Exalytics is our new in-memory database technology capable of instantaneous big data analysis; questions are answered at the speed of thought. And unlike SAP’s Hana in-memory appliance, Exalytics runs your existing applications," Ellison added.
