--> ORCL +3% in after hours...
Oracle beats by $0.07, reports revs in-line; raises dividend 27%
- Reports Q3 (Feb) earnings of $0.69 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.62; revenues rose 2.9% year/year to $9.27 bln vs the $9.25 bln Capital IQ Consensus.
- Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $1.0 billion, up 73% in U.S. dollars and up 74% in constant currency.
- Non-GAAP SaaS and PaaS revenues were $1.1 billion, up 85% in U.S. dollars and up 86% in constant currency. Total Cloud Revenues, including infrastructure as a service (IaaS), were $1.2 billion, up 62% in U.S. dollars and up 63% in constant currency. Total Cloud and On-Premise Software Revenues were $7.4 billion, up 4% in U.S. dollars and up 5% in constant currency.
- "Our new, large, fast growing, high-margin cloud businesses are driving Oracle's total revenue and earnings up and improving nearly every important non-GAAP business metric you care to inspect; total revenue is up, margins are up, operating income is up, net income is up, EPS is up. Take a look. Q3 was a very strong quarter."
- "Over the last year, we sold more new SaaS and PaaS than Salesforce.com [CRM], and we're growing more than 3 times faster," said Oracle CEO, Mark Hurd. "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."
- "Both our SaaS and PaaS businesses are doing great, but I'm even more excited about our second generation IaaS business," said Oracle Chairman and CTO, Larry Ellison. "Our new Gen2 IaaS is both faster and lower cost than Amazon Web Services. And now 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."
- Oracle announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share of outstanding common stock, reflecting a 27% increase over the current quarterly dividend of $0.15.
-->Oracle: Guides Q4 revenue in line, EPS above
- Expects more currency headwinds;expect to see currency headwinds of 2% on revenue and two cents negative impact on EPS.
- Q3 bookings were strong.
- EPS expected in the range of $0.78-0.82; Q4 Capital IQ EPS consensus $0.78;
- Revenue is expected to fall in the range of -1% to +2% (Approx $10.48-10.82 bln); Q4 Capital IQ Revenue consensus $10.61 bln.
- SaaS and PaaS revenue, including last week, is expected to grow 69% to 73%, effectively raising full-year guidance from 80% to 81% for the year.
- IAS is expected to grow 25% to 29%.
- Software and cloud revenue including SaaS, PaaS, and IAS, new software license, and software support is expected to grow 1% to 3%.