Oracle Q2 revenues up 3%, net income dips 2%

Oracle said its fiscal 2015 Q2 revenues rose 3 percent to $9.6 billion, while net income dipped 2 percent to $2,502 million.

Revenue of Oracle from new software licenses revenue in Q2 decreased to $2,045 million from $2,121 million.

Cloud software-as-a-service and platform-as-a-service revenue increased to $361 million from $259 million.

Cloud infrastructure-as-a-service revenue increased to $155 million from $97 million.

Software license updates and product support revenue rose to $4,768 million from $4,516 million.

Hardware systems products revenue grew to $717 million from $714 million.

Hardware systems support revenue increased to $617 million from $609 million.

Oracle services revenues reduced to $935 million from $959 million.

Larry-Ellison

Oracle said software and cloud revenues rose 5 percent to $7.3 billion.

Cloud software-as-a-service (SaaS), platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) revenue grew 45 percent to $516 million.

Hardware systems revenues increased 1 percent to $1.3 billion.

Total Q2 new cloud bookings grew at a rate of more than 140 percent. Oracle has 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.”

Baburajan K
[email protected]