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Thursday, December 14, 2017

=Oracle (ORCL) reported earnings on Thur 14 Dec 2017 (a/h)

Oracle beats by $0.02, reports revs in-line; adds $12 to share buyback; guides Q3 on the call
  • Reports Q2 (Nov) earnings of $0.70 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.68; revenues rose 6.2% year/year to $9.63 bln vs the $9.57 bln Capital IQ Consensus. Cloud plus On-Premise Software Revenues were up 9% to $7.8 billion.
  • Cloud Software as a Service (SaaS) revenues were up 55% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 21% to $396 million.
  • Total Cloud Revenues were up 44% to $1.5 billion vs. +39-43% guidance
  • Non-GAAP Operating Income was up 10% to $4.2 billion and non-GAAP Operating Margin was 44%.
  • Safra Catz: "Our success in the quarter was based on the increasing scale and the gathering momentum in our cloud business. I expect the business to continue to grow and strengthen over the coming quarters."
  • "Our Fusion ERP and Fusion HCM SaaS applications suite revenues grew 65% in the quarter," said Oracle CEO, Mark Hurd. "We are now the clear market leader in enterprise back-office SaaS applications with over 5,000 Fusion customers. And we expect to extend our lead by selling around $2 billion in new enterprise SaaS application cloud subscriptions over the coming four quarters. That's more new SaaS sales than any of our competitors."
  • "Oracle will soon deliver the world's first autonomous "self-driving" database," said Oracle CTO, Larry Ellison. "The new artificially intelligent Oracle database is fully automated and requires no human labor for administration. If a security vulnerability is detected, the database immediately patches itself while running. No other system can do anything like this. Best of all, we guarantee the price of running the Oracle Autonomous Database in the Oracle Cloud is less than half the cost of running a database in the Amazon Cloud."
  • The Board of Directors increased the authorization for share repurchases by $12 billion.

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