Oracle reports $9.2 bn revenue in its fiscal first quarter
Tuesday - September 18, 2018 1:36 pm ,
Category : BUSINESS
Oracle reports $9.2 bn revenue in its fiscal first quarter
San Francisco Sep 18 (IANS) Cloud major Oracle has reported a revenue of $9.2 billion for its fiscal first quarter (Q1 2019) -- up from $9.1 billion in the same period last year.
Total Cloud services and license support including cloud license and on-premise license revenues were up 2 per cent to $7.5 billion the company said in a statement late on Monday.
"We are off to an excellent start with Q1 non-GAAP earnings per share growing 19 per cent in constant currency " said Oracle CEO Safra Catz.
"That strong earnings per share growth rate increases my confidence that we will deliver on another fiscal year of double-digit non-GAAP earnings per share growth " she added.
The company reported a fiscal first-quarter net income of $2.27 billion compared with $2.14 billion in the same period last year.
"The vast majority of ERP applications running in the cloud are either Oracle Fusion or Oracle NetSuite systems " said Oracle CEO Mark Hurd.
"The Oracle Fusion ERP customer count is now nearly 5 500 while the NetSuite ERP customer count is over 15 000. Virtually every analyst ranks Oracle as the market leader in Cloud ERP " Hurd added.
According to Oracle CTO Larry Ellison the "Oracle Autonomous Database" is now available on their second generation highly-secure "Bare-Metal" cloud infrastructure.
"Oracle s Autonomous Database is faster easier-to-use more reliable more secure and much lower cost than Amazon s databases. And Oracle is the only database that can automatically patch itself while running to protect your data from data theft " Ellison noted.
--IANS na/bg
Total Cloud services and license support including cloud license and on-premise license revenues were up 2 per cent to $7.5 billion the company said in a statement late on Monday.
"We are off to an excellent start with Q1 non-GAAP earnings per share growing 19 per cent in constant currency " said Oracle CEO Safra Catz.
"That strong earnings per share growth rate increases my confidence that we will deliver on another fiscal year of double-digit non-GAAP earnings per share growth " she added.
The company reported a fiscal first-quarter net income of $2.27 billion compared with $2.14 billion in the same period last year.
"The vast majority of ERP applications running in the cloud are either Oracle Fusion or Oracle NetSuite systems " said Oracle CEO Mark Hurd.
"The Oracle Fusion ERP customer count is now nearly 5 500 while the NetSuite ERP customer count is over 15 000. Virtually every analyst ranks Oracle as the market leader in Cloud ERP " Hurd added.
According to Oracle CTO Larry Ellison the "Oracle Autonomous Database" is now available on their second generation highly-secure "Bare-Metal" cloud infrastructure.
"Oracle s Autonomous Database is faster easier-to-use more reliable more secure and much lower cost than Amazon s databases. And Oracle is the only database that can automatically patch itself while running to protect your data from data theft " Ellison noted.
--IANS na/bg
