Oracle Corp (ORCL) Tops Q2 EPS by 2c; SaaS Bookings Grew 35%

December 18, 2013 4:05 PM EST
Oracle Corp (NASDAQ: ORCL) reported Q2 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $9.28 billion versus the consensus estimate of $9.19 billion.

Oracle sees Q3 EPS of $0.68-$0.72 vs consensus of 0.70. Oracle see Q3 revenue growth of 2%-6% vs 4% consensus. Co see 3%-7% revenue growth in constant currency.

Our billion dollar SaaS business delivered overall bookings growth of 35% in the quarter, said Oracle CEO, Larry Ellison. Our fastest growing cloud services were Fusion Human Capital Management and Fusion Salesforce Automation, each growing bookings at a triple-digit rate.

GAAP new software licenses and cloud software subscriptions revenues were unchanged at $2.4 billion, while non-GAAP new software licenses and cloud software subscriptions revenues were down 1 percent to $2.4 billion. Both GAAP and non-GAAP software license updates and product support revenues were up 6 percent to $4.5 billion. Hardware Systems revenues, including hardware systems products and hardware systems support, were unchanged at $1.3 billion. Hardware systems products revenues were down 3 percent to $714 million.

We're very pleased with our results as new software license and cloud software subscription revenue grew 1% in constant currency over the 18% growth reported last year, commented CFO Safra Catz.

For earnings history and earnings-related data on Oracle Corp (ORCL) click here.

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