Oracle had its earnings call today for fiscal Q3 2010, and it topped all estimates. Profit (with acquisition costs and some other expenses not calculated in) rose to 54 cents a share – which topped analysts’ average estimate by 4 percent. New software license sales rose 29 percent to $2.21 billion, which is much higher than the $1.98 billion one analyst, Wells Fargo Securities’ Jason Maynard. In light of the Japanese disaster however, there are fears Oracle may face losses in the 4tg quarter.

“Oracle Japan represented 5 percent of total sales last fiscal year, or about $1.35 billion, said Patrick Walravens, an analyst at JMP Securities, citing filings. Based on that, Walravens expects $157 million in sales may be at risk in the fourth quarter.”

Despite these concerns Oracle revenues were positive for its third fiscal quarter. Sales rose 37 percent to $8.76 billion, and net income almost doubled to $2.12 billion, or 41 cents a share, compared to $1.19 billion / 23 cents a share. In light of these figures, Oracle shares rose 73 cents to $32.14 at 4 p.m. New York time.

Many expected Oracle will report tremendous growth, and even launch new product to further intensify its rivalry with HP, IBM, SAP and others. Nonetheless, Oracle is not the only who reported strong revenues – RIM also had its earnings call today. The company delivered fourth-quarter earnings of $934 million – $1.78 a share, and revenues of $5.6 billion. RIM also exceeded analysts’ forecasts, which stood at average an average of $1.76 a share on revenue of $5.64 billion.

Another company which had its earnings report today is GameStop, who also seen quite a biut of growth. Fourth-quarter net earnings increased by 10.1 percent to $237.8 million from $215.9 million, and company shares surged by 3 percent.