Oracle revenues flat in Q2

Friday 16 December 2016 | 09:55 CET | News

Oracle said revenues for its fiscal second quarter of 2017 reached USD 8.6 billion, flat in US dollars and up 1 percent in constant currency. The operating profit went up 3 percent to USD 3.0 billion, with an operating margin at 34 percent, while the net profit fell 8 percent to USD 2.0 billion or USD 0.48 per share.

Cloud software as a service (SaaS) and platform as a service (PaaS) revenues amounted to USD 878 million, jumping 81 percent in US dollars and 83 percent in constant currency. Total Cloud revenues, including infrastructure as a service (IaaS), went to USD 1.1 billion, lifting 62 percent in US dollars and 64 percent in constant currency. Cloud plus On-Premise Software revenues were at USD 7.2 billion, up 2 percent in US dollars and 3 percent in constant currency.

CEO Safra Catz noted the continuing strength at the company’s SaaS and PaaS operations. Co-CEO Mark Hurd said the company has now passed Salesforce.com to become the number one in SaaS cloud applications sales for customers with over 1,000 employees. Hurd sees the company taking the lead also for companies with less than 1,000, thanks to the acquisition of NetSuite. The CEO expects the company to book over USD 2 billion in new annually recurring cloud business this year alone.

Oracle has declared a quarterly dividend of USD 0.15 per share.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

::: add a comment