Oracle cloud revenues jump 32% to USD 9.8 bln, driving solid Q3

News General Global 20 MAR 2018
Oracle cloud revenues jump 32% to USD 9.8 bln, driving solid Q3

Oracle reported third quarter results again lifted by its cloud operations, though profit took a hit from the new US tax rules. Total revenues lifted 6 percent from the year before to USD 9.8 billion, driven by cloud revenues, which jumped 32 percent to USD 1.6 billion. Within Cloud, Cloud and On-Premise Software revenues advanced 8 percent to USD 8.0 billion, Cloud Software as a Service (SaaS) revenues went up 33 percent to USD 1.2 billion, and Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues went 28 percent higher to USD 415 million.

Meanwhile, the operating profit leaped 15 percent to USD 3.4 billion, with the net profit rising 9 percent to USD 4.3 billion. The net loss amounted to USD 4.0 billion or USD 0.98 per share, due to a one-off net charge of USD 6.9 billion related to the new US tax law. The adjusted net profit went up 21 percent to USD 3.5 billion or USD 0.83 per share. 

The company declared a quarterly cash dividend of USD 0.19 per share, unchanged from the previous quarter.

CEO Safra Catz said the company is still guiding for double-digit adjusted EPS growth for 2018, 

 

Categories:

General

Companies:

Oracle

Regions:

Global

Tags:

Hosting - cloud - data centres, Sales figures, Financial figures

Related Articles

GLOBAL 15 MAR 2019

Oracle raises div 24%, lifts adjusted revenues 3% in Q3

Oracle has raised its quarterly cash dividend to USD 0.24 per share, after reporting higher adjusted revenues for its fiscal third quarter. CEO Safra Catz highlighted the company's cloud operations, nothing that its Fusion HCM, ERP, Supply Chain and Manufacturing Cloud applications grew revenues 32 percent, while its NetSuite ERP cloud applications rose 30 percent. The company said the introduction of Autonomous Database was its most successful ever; the company said it added around 4,000 new Autonomous Dat

GLOBAL 18 SEP 2018

Oracle revenues lift 1% in Q1, weighed down by strong US dollar, slower growth at cloud ops

Oracle said revenues for its fiscal first quarter for 2019 reached USD 9.2 billion, up 1 percent from the year before in US dollars and 2 percent higher in constant currency. Cloud Services and Licence Support rose, 3 percent in US dollars and 4 percent in constant currency, to USD 6.6.09 billion, but the gains were somewhat offset by losses at Hardware and Service. Results were mixed at Cloud License and On-premise License, down 4 percent in US dollars and flat in constant currency.

GLOBAL 23 AUG 2018

Global software as a service sales top USD 20 bln in Q2

The worldwide enterprise software as a service (SaaS) market reached USD 20 billion in the second quarter, up 32 percent year on year, according to data from Synergy Research Group. Microsoft consolidated its leadership with a global market share of over 17 percent, as sales increased 45 percent year on year thanks above all to its strength in the high-growth collaboration segment. Salesforce remained second due to its dominance in CRM, but this segment is relatively low growth compared to other SaaS segmen

GLOBAL 8 MAY 2018

Oracle delivers new autonomous cloud platform services

With built-in advanced artificial intelligence (AI) and machine learning algorithms, these new PaaS services automate and eliminate key tasks to enable organisations to lower cost, reduce risk, accelerate innovation, and get predictive insights. In addition, Oracle plans to release more autonomous services later in 2018 focused on mobile and chatbots, data integration, Blockchain, security and management, and additional database workloads, including OLTP.

ITALY 16 MAR 2018

Ippolito named Oracle Italia technology sales head

Oracle's Italian subsidiary has announced the appointment of Alessandro Ippolito as its first country technology sales leader. Ippolito has been at Oracle since June 2014 and in his new role he will be tasked with heading the technology sales business unit, comprising database, middleware, analytics and security solutions available as cloud (Iaas and Paas) and traditional offerings. He will report directly to Oracle Italia country manager Fabio Spoletini.

RUSSIAN FEDERATION 12 MAR 2018

Rostelecom, Oracle to cooperate on cloud services for federal govt

Russian national operator Rostelecom plans to cooperate with Oracle on implementing the federal programme 'Digital Economy', reports Comnews.ru. The two will cooperate in the field of engineering of cloud services. Rostelecom earlier chose Oracle as a provider of IaaS and PaaS for its own needs. 

BAHRAIN 21 FEB 2018

Bahrain's IPS picks Oracle's M8 SuperCluster for security

Bahrain-based International Payment Services (IPS), a third-party processor, says it will implement Oracle M8 SuperCluster, which incorporates a number of unique runtime security systems, to manage the electronic payment transactions market in the Middle East. IPS helps financial services institutions in the region deliver secure payment processing and card management services.

KUWAIT 20 FEB 2018

Viva Kuwait launches Oracle fusion revenue management cloud

Viva Kuwait has announced the launch of Fusion Revenue Management (FRM) system, the first cloud based application for Viva and the first fully automated revenue management system in GCC that complies with International Financial Reporting Standards (IFRS15) standard. This project was successfully completed in cooperation with Oracle.

GLOBAL 19 FEB 2018

Tech Data adds Oracle Cloud to StreamOne cloud marketplace

Tech Data made Oracle's universal cloud credits for pay-as-you-go (PAYG) metered services available on its StreamOne cloud marketplace. The company said this gives partners in the Americas and Europe an easy way to provision, manage and deliver the products for cloud-based or hybrid customer deployments.

AUSTRALIA 14 FEB 2018

NextDC expands cloud services offering with Oracle FastConnect

NextDC, a Silver level member of Oracle PartnerNetwork (OPN), has announced it will offer dedicated and private access to Oracle Cloud through Oracle Cloud Infrastructure FastConnect. Oracle FastConnect is now available across Australia through NextDC's Axon Ethernet connectivity platform.

GLOBAL 13 FEB 2018

Oracle expands global startup ecosystem

Oracle said it expanded its global startup ecosystem in a bid to increase the impact and support for the wider startup community, reach more entrepreneurs worldwide, and drive cloud adoption and innovation. The expansion includes the launch of a new virtual-style, non-residential global programme named Oracle Scaleup Ecosystem, as well as the addition of Austin to its residential Oracle Startup Cloud Accelerator programme. The addition of Austin brings the residential programme to North America and expands

NETHERLANDS 13 FEB 2018

Oracle hires more people for Amsterdam office

Oracle is significantly expanding the number of employees at its Amsterdam office. From September, 450 employees will be working at the historic building, Het Financieele Dagblad reported.

GLOBAL 13 FEB 2018

Oracle demonstrates advances in autonomous cloud

Oracle president of Product Development Thomas Kurian demonstrated advances in autonomous cloud, extending autonomous capabilities across its entire cloud platform. The company said it expanded its Oracle Cloud Platform Autonomous Services beyond the Oracle Autonomous Database to make all Oracle Cloud Platform services self-driving, self-securing and self-repairing. Self-driving services use AI and machine learning to help organisations lower cost, reduce risk, accelerate innovation, and get predictive insi

UNITED ARAB EMIRATES 23 JAN 2018

Oracle opens Innovation Hub in UAE

Oracle announced the opening of an Innovation Hub in Dubai to drive the implementation of artificial intelligence (AI) across the UAE and the region. Oracle has named the new facility 'Zayed Innovation Hub' to honour the UAE's founding father, news agency Wam reported. The site was inaugurated by Omar Sultan Al Olama, Minister of State for Artificial Intelligence.

SAUDI ARABIA 15 JAN 2018

STC and Oracle ink deal to provide cloud computing services

Saudi operator STC, represented by Enterprise Unite, has signed its first agreement with Oracle, to provide unique services to government and private sectors in the field of cloud computing. The deal will enable data storage at the highest levels for information security within the country through a private cloud between the two companies. 

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.