Oracle Beats Expectations In Q2 With $9.1B Revenue, $0.64 Non-GAAP EPS; Ellison Calls Sun Deal ‘Most Strategic And Profitable’

TechCrunch

Enterprise technology giant Oracle this afternoon announced solid financial results for the second quarter of its fiscal 2013, which ended on November 30th.

Oracle said it earned $9.1 billion in revenue during the second quarter, an increase quarter-over-quarter from its first quarter 2013 revenue of $8.2 billion and also up year-over-year from the $8.8 billion it made in Q2 2012.

At the bottom line, Oracle posted GAAP net income of $2.6 billion and non-GAAP net income of $3.1 billion. Meanwhile, GAAP earnings per share for the quarter was $0.53, and its non-GAAP EPS $0.64. Each of those metrics also showed both quarterly and year-over-year gains. Here’s a handy graph from TechCrunch illustrator Bryce Durbin to help illustrate these figures:

oracle-q213

This should be good news to the investor set. According to FactSet surveys, Wall Street analysts on average estimated that the company’s non-GAAP earnings would be 61 cents a…

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