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.
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.”