Oracle beats by $0.04, reports revs in-line; co typically guides on call,
- Reports Q1 (Aug) earnings of $1.19 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $1.15; revenues rose 8.8% year/year to $12.45 bln vs the $12.48 bln FactSet Consensus.
- Cloud services and license support revenues were up 13% in USD and up 12% in constant currency to $9.5 billion.
- Cloud license and on-premise license revenues were down 10% in USD and down 11% in constant currency to $0.8 billion.
- Q1 Cloud Revenue (IaaS plus SaaS) $4.6 billion, up 30% in USD, up 29% in constant currency.
- Q1 Cloud Infrastructure (IaaS) Revenue$1.5 billion, up 66% in USD, up 64% in constant currency.
- Q1 Cloud Application (SaaS) Revenue $3.1 billion, up 17% in USD, up 17% in constant currency.
- Q1 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currency.
- "Oracle Cloud Infrastructure revenue grew 66% in Q1, much faster than our hyperscale cloud infrastructure competitors," said Oracle CEO, Safra Catz. "Total cloud services revenue, Infrastructure plus Applications, grew 30% to $4.6 billion in the quarter. Oracle Cloud Services plus License Support revenue now accounts for 77% of Oracle's total revenue.
- Note: Oracle typically guides on the call, which starts at 5pm ET, be sure to monitor InPlay.