Oracle Corporation announced revenues of $9.2 billion (+2 percent) during Q3 fiscal 2017 — supported by 73 percent increase in Cloud revenue.
Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $1 billion (+73 percent).
Total Cloud revenues, including infrastructure as a service (IaaS), were $1.2 billion (+62 percent). Oracle Corporation’s Cloud and On-Premise Software revenues were $7.4 billion (+4 percent).
# Cloud software as a service and platform as a service $1,011 million (+73%)
# Cloud infrastructure as a service $178 million (+17%)
# Total cloud revenues $1,189 million (+62%)
# New software licenses $1,414 million (–16%)
# Software license updates and product support $4,762 million (+2%)
# Total cloud and on-premise software revenues $7,365 million (+4%)
# Total on-premise software revenues $6,176 million (–3%)
# Total cloud and on-premise software revenues $7,365 million (+80%)
# Hardware products $520 million (–14%)
# Hardware support $508 million (–4%)
# Total hardware revenues $1,028 million (–9%)
# Total services revenues $812 (+2%)
# Total Oracle revenue $9,205 (+2%)
Oracle’s operating income was $3 billion with operating margin of 32 percent. Net income was $2.2 billion.
Oracle CEO Safra Catz said that the hyper-growth we continue to experience in the cloud has rapidly driven both our SaaS and PaaS businesses to scale. Oracle’s SaaS and PaaS businesses grew at 85 percent in Q3 fiscal 2017.
Oracle CEO Mark Hurd said the technology company sold more new SaaS and PaaS than Salesforce, and Oracle is growing more than 3 times faster.
“If these trends continue, where we are selling more SaaS and PaaS in absolute dollars and growing dramatically faster, it’s just a matter of when we catch and pass Salesforce.com in total cloud revenue,” Mark Hurd said.
Oracle chairman and CTO Larry Ellison said its second generation IaaS is both faster and lower cost than Amazon Web Services. “Our biggest customers can run their largest and most demanding Oracle database workloads in the Oracle Cloud – something that is absolutely impossible to do in the Amazon Cloud.”
Meaghan McGrat, analyst at TBR, said with NetSuite impacting the quarter, 73 percent increase in Cloud SaaS and PaaS revenue outperformed new software license declines to deliver overall growth of 4 percent for all collective software and cloud segments.
