Oracle Corporation (NASDAQ:ORCL) reported its results for the second quarter. Net income for the application software company rose to $2.19 billion (43 cents per share) vs. $1.87 billion (37 cents per share) in the same quarter a year earlier. This marks a rise of 17.2% from the year earlier quarter. Revenue rose 2% to $8.79 billion from the year earlier quarter. ORCL reported adjusted net income of 54 cents per share. By that measure, the company fell short of mean estimate of 55 cents per share. It fell short of the average revenue estimate of $9.23 billion.

“Non-GAAP operating margins increased to 45% in Q2,” said Oracle President and CFO, Safra Catz, “and we expect those margins to keep growing. Operating cash flow over the last twelve months grew to $13.1 billion; that’s up a remarkable 45% compared to the preceding twelve month period.”

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Microsoft Corporation (NASDAQ:MSFT), SAP AG (NYSE:SAP), Intel Corporation (NASDAQ:INTC), Apple Inc. (NASDAQ:AAPL), Red Hat, Inc. (NYSE:RHT), EMC Corporation (NYSE:EMC), CA, Inc. (NASDAQ:CA), and Adobe Systems Incorporated (NASDAQ:ADBE).

Jabil Circuit Inc. (NYSE:JBL) reported its results for the first quarter. Net income for the electronic equipment company rose to $112.9 million (54 cents per share) vs. $106.7 million (49 cents per share) in the same quarter a year earlier. This marks a rise of 5.8% from the year earlier quarter. Revenue rose 6% to $4.3 billion from the year earlier quarter. JBL fell short of the mean analyst estimate of 58 cents per share. It fell short of the average revenue estimate of $4.41 billion.

“Jabil posted another company record quarter in revenue and earnings per share, driven by strength in Diversified Manufacturing Services and High Velocity segments,” said Timothy L. Main, President and CEO of Jabil. “We are especially pleased with our operating margin performance in the quarter as the emphasis on operational efficiency and business diversity delivered positive results in a period of economic uncertainty.”

Competitors to Watch: Sanmina-SCI Corporation (NASDAQ:SANM), Benchmark Electronics, Inc. (NYSE:BHE), Kimball International (NASDAQ:KBALB), Plexus Corp. (NASDAQ:PLXS), Celestica Inc. (NYSE:CLS), SigmaTron International (NASDAQ:SGMA), SMTC Corporation (NASDAQ:SMTX), CTS Corporation (NYSE:CTS), Flextronics Intl. Ltd. (NASDAQ:FLEX), and Sparton Corporation (NYSE:SPA).

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