"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.Oracle’s Revenue Rises on Cloud Growth - WSJ
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."
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