Thursday, December 18, 2014

Oracle’s Revenue Rises on Cloud Growth - WSJ

As with recent IBM earnings announcements, there's probably not much scrutiny on exactly what constitutes "cloud" revenue for Oracle

"Oracle has been under pressure to make its products more compatible with subscription-based cloud computing services accessed from remote computers and to reduce its reliance on sales of licensed software that runs on customers’ own server systems.

In the latest period, cloud revenue—excluding update and support revenue—climbed 45% to $516 million. New software license revenue rose 3.6% to $2.05 billion.

For the period ended Nov. 30, Oracle reported a profit of $2.5 billion, down from $2.55 billion a year earlier. On a per-share basis, earnings were flat at 56 cents as the number of shares outstanding declined. Excluding stock-based compensation, restructuring-related charges and other items, per-share earnings were 69 cents."
Oracle’s Revenue Rises on Cloud Growth - WSJ
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