Oracle (NASDAQ:ORCL) announced its fiscal year 2012 third quarter financial statements on Tuesday. Oracle’s new software license revenues increased 7% to $2.37 billion in this quarter, outperforming the analysts’ average estimate of 3%. Excluding one-time items, Oracle’s earnings per share was 62 cents, better than the average expectation of 56 cents of the analysts.
As of the current quarter ends in May, Oracle is expected to post profit exceeding analysts’ expectations. Oracle estimated that excluding one-time items, earnings per share will be between 76 cents to 81 cents in the fourth quarter of 2012. Analysts on average forecast this figure will be 76 cents.
Although Oracle’s software revenues rebounded, but its hardware system revenues are lower than expected. Oracle booked hardware system product revenues of $869 million for the third quarter of fiscal year 2012, a decrease of 16%, while the analysts projected the revenues would decline 11%.
Oracle’s database cloud server and middleware license revenues grew 9% to $1.72 billion. Commercial application license revenues added 3%, to $658 million.
Oracle is expanding the scope of its cloud computing software on the Internet through acquisitions. Oracle bought the cloud computing talent management solution provider Taleo at a price of $1.9 billion last month. Oracle announced to buy the online customer service company RightNow Technologies at a price of $1.5 billion last October.
The Oracle stock price edged up 1.14%, or $0.34, to end at $30.1 per share on Tuesday regular trading, then climbed 1.53 in the after-ours trading.