Oracle reported revenue of $9.6 billion (–1 percent) and operating income of $3.4 billion (+3 percent) with operating margin of 35 percent during fiscal Q3 2019.
Oracle generated revenue of $6.7 billion (+1 percent) from Cloud Services and License Support and $1.3 billion (–4 percent) from Cloud License and On-Premise License. Cloud Services account for 70 percent of Oracle revenues.
Revenue from Oracle’s total Cloud Services and License Support plus Cloud License and On-Premise License was $7.9 billion.
Oracle ERP business grew in the mid-30s and the verticals grew in the high-30s.
Software business, which is the total of cloud services and license support revenue with cloud license and on-premise license revenue, is 82 percent of total revenue and it grew 3 percent in constant currency.
Oracle CEO Safra Catz said: “We continue to grow revenue faster than market and we have an enormous opportunity ahead of us in ERP and HCM.
In terms of SaaS revenue and bookings, Fusion apps were up 35 percent. Oracle’s overall ERP and HCM annualized SaaS revenue is now $2.8 billion.
Fusion Apps rose 35 percent, Fusion ERP revenue grew 47 percent. NetSuite revenue increased 28 percent.
Oracle’s Fusion HCM, ERP, Supply Chain and Manufacturing Cloud applications revenue in total grew 32 percent in Q3.
NetSuite ERP Cloud applications achieved revenue growth rate of 30 percent.
Oracle has nearly 1,000 paying Autonomous Database customers. Oracle added around 4,000 new Autonomous Database trials in Q3.
Oracle said its infrastructure technology is highly differentiated from AWS. Oracle’s cloud computers have a separate security processor and memory, making its cloud control code inaccessible by customers.
The company said no other cloud services provider offers this kind of protection across their entire public cloud. The Oracle Autonomous Database is the only database that can respond to a security threat by automatically.
Oracle is the number one enterprise applications vendor in North America based on market share and revenue, surpassing Salesforce.com and SAP, according to IDC’s latest annual market share results.