Oracle reported net income for its fiscal third-quarter ended in February fell slightly to $1.33 billion, or 26 cents a share, from $1.34 billion, or 26 cents a share, in the same period a year earlier.
Revenue rose 2% to $5.45 billion.
Excluding special items, however, the Redwood Shores, Calif.-based company said earnings for the quarter would have been 35 cents a share.
Analysts on average estimated Oracle would post earnings excluding special items of 32 cents a share, on $5.4 billion in revenue, according to Thomson Reuters.
Oracle managed to exceed expectations despite a strong US dollar, which undercut the company’s results in the third quater by 5 cents, according to Oracle President Safra Catz.
As noted before, well-capitalized companies with a lot of cash on their balance sheets are primed to weather the economic storm and positioned to succeed in the future. Oracle, which implemented its first-ever quarterly dividend of 5 cents a share, just so happend to be on that list.