Oracle (ORCL) Reports In-Line Q2 EPS
Get Alerts ORCL Hot Sheet
EPS Growth %: -1.2%
Financial Fact:
Operating income: 2.64B
Today's EPS Names:
BFRI, HCTI, IMPM, More
Join SI Premium – FREE
Oracle (NYSE: ORCL) reported Q2 EPS of $0.69, in-line with the analyst estimate of $0.69. Revenue for the quarter came in at $9.61 billion versus the consensus estimate of $9.5 billion.
Cloud software-as-a-service (SaaS), platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) revenue was up 45% to $516 million. Hardware Systems revenues were up 1% to $1.3 billion.
"We continue to deliver industry-leading operating margins and cash flow even after adding the thousands of specialized sales people and engineers necessary to accelerate the growth of our new cloud businesses," said Oracle CEO, Safra Catz.
"Total Q2 new cloud bookings grew at a rate of more than 140%," said Oracle CEO, Mark Hurd. "We now have over 600 ERP Fusion Cloud customers -- that's five-times more ERP customers than Workday."
"By Q4 of this year we expect our new cloud bookings to exceed $250 million," said Oracle Chairman and Chief Technology Officer Larry Ellison. "Next fiscal year our new cloud bookings will be well over the billion dollars mark."
For earnings history and earnings-related data on Oracle (ORCL) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FreightCar America (RAIL) Misses Q4 EPS by 6c, provides guidance
- Motus GI Holdings (MOTS) Tops Q4 EPS by 130c
- Embraer (ERJ) Tops Q4 EPS by 43c; offers guidance
Create E-mail Alert Related Categories
Earnings, Hot Earnings, Management CommentsRelated Entities
Mark Hurd, Larry Ellison, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!