Oracle reports $9.2 bn revenue in its fiscal first quarter

Wednesday, September 19, 2018
24
Separator
25
Separator
35
Separator
9
Separator
Print Print Email Email

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.

Read more news:

Trump to impose tariffs on $200 bn in Chinese goods


Source: IANS
Write your comment now
Submit Reset
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Previous
Next