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General

Oracle cloud strategy pays off, driving strong revenue, profit in Q1

Friday 15 September 2017 | 19:30 CET | News

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Oracle reported solid revenue and profit growth for its fiscal first quarter on the back of its shift to the cloud: total cloud revenues, including IaaS, jumped over 50 percent to USD 1.5 billion, with SaaS revenues soaring 62 percent and PaaS rising 28 percent, Total revenues, including on-premise software and other equipment, advanced 7 percent year-on-year to USD 9.21 billion. The operating profit also lifted 7 percent, to USD 2.8 billion while the net profit advanced 14 percent to USD 2.7 billion or 0.52 per share. 

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Categories: General
Companies: Oracle
Countries: World
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