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, thought it did not always provide a year-on-year comparison. Catz noted that Oracle's 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 Database trials in the quarter and that it had nearly 1,000 paying Autonomous database customers at its end. The cash dividend is up 26 percent from the 0.9 per share distributed in the previous quarter. Oracle noted that CTO Larry Ellison did not participate in the vote on the dividend.
Revenues for Q3 fell 1 percent from the year before to USD 9.6 billion, but at constant currency, they rose 3 percent year-on-year. Cloud Services and License Support revenues amounted to USD 6.7 billion, while Cloud License and On-Premise License revenues went to USD 1.3 billion. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues went to USD 7.9 billion, unchanged in US dollars and up 3 percent in constant currency.
The operating cash flow was USD 14.8 billion during the trailing twelve months. The operating profit lifted 3 percent from the year before to USD 3.4 billion, with an operating margin was at 35 percent. The net profit increased to USD 2.7 billion or USD 0.76 per share, while the adjusted net profit slid 8 percent to USD 3.2 billion. Adjusted EPS meanwhile advanced 8 percent to USD 0.87.
