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Oracle (ORCL -0.6%) will beat Street estimates when it reports FQ2 results next Tuesday, says...
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Wednesday, December 12, 2012, 11:17 AM ETOracle (ORCL -0.6%) will beat Street estimates when it reports FQ2 results next Tuesday, says Credit Suisse. The firm cites healthy application license sales and strong growth for its high-end engineered systems (Exadata, Exalytics, etc.) - the latter would be a positive for Mellanox (MLNX). Oracle's engineered systems sales doubled Y/Y in FQ1, but total hardware sales still fell 19% as demand for storage gear and traditional Sun UNIX servers withered.
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