Oracle (ORCL) Reports In-Line Q2 EPS

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.

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