Mathematically, 1.2200 and 1.22 are the exact same number.
The display of the number is actually a string that is different from the physical content of the number, so the number is rounded the same in SQL Server and Oracle, it's just displayed diferently.
More, about SQL float point types: if you declare a variable as having a s decimal places, it will always display as having s decimal places, regardless of the value, for example
declare @x decimal(10,6)
declare @y decimal(10,2)
set @x =3
set @y=@x -- identical to set @y=cast(@x as decimal(10,2))
select @x -- selects 3.000000
select @y -- selects 3.00
select 'The number is ' + cast(@x as varchar) -- selects 'The number is 3.000000'
select 'The number is ' + cast(@y as varchar) -- selects 'The number is 3.00'
However, there is a technical difference about the meaning of 3.00 and 3.0000, and that's the relative error of the number. Since all real numbers are rounded, 3.00 actually means 3 +/- 0.005 , and 3.0000 is actualy 3 +/- 0.00005, as more significant digits are known.