Oracle beats by $0.01, beats on revs
Reports Q2 (Nov) earnings of $0.69 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.68; revenues rose 3.5% year/year to $9.6 bln vs the $9.5 bln consensus.
- ORCL Q2 Software and cloud revenue +5% tp $7.3 bln), Guidance +5-8%.
- Cloud software-as-a-service (SaaS), platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) revenue was up 45% to $516 million.
- Hardware Systems revenues were up 1% to $1.3 billion. GAAP operating income was up 4% to $3.5 billion, and the GAAP operating margin was 37%.
- "Total Q2 new cloud bookings grew at a rate of more than 140%... By Q4 of this year we expect our new cloud bookings to exceed $250 million...Next fiscal year our new cloud bookings will be well over the billion dollars mark."
- Co guides on the call.