Oracle Set To Report Strong 2Q; Hardware Remains Key "Wildcard"

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Oracle Set To Report Strong 2Q; Hardware Remains Key “Wildcard”

December 17, 2010 No Comments

Oracle Corp. (ORCL), one of the world’s biggest enterprise software makers, is expected to report better-than-expected numbers, when it reports second quarter results today after the market closes.

The results are expected to be aided by a growth in the software license revenues, driven by Oracle Fusion Middleware, business intelligence, PeopleSoft and E-Business Suite, and ongoing strength in its Exadata storage servers.

Wall Street is expecting California-based Oracle to earn 46 cents a share on revenue of $8.34 billion, according to analysts polled by Thomson Reuters.