** charts after earnings **
Oracle beats by $0.03, reports revs in-line; :
- Reports Q2 (Nov) earnings of $0.63 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.60; revenues fell 6.4% year/year to $9 bln vs the $9.06 bln Capital IQ Consensus, unchanged in constant currency vs. -2 to +1% guidance.
- Cloud plus On-Premise Software Revenues were $7.0 billion, down 4% in U.S. dollars and up 2% in constant currency.
- Total Cloud Revenues were $649 million, up 26% in U.S. dollars and up 31% in constant currency.
- "We grew our SaaS and PaaS revenue 38% in constant dollars this past quarter, and we expect that revenue growth rate to accelerate to nearly 50% in Q3 and close to 60% in Q4. This rapid increase in our cloud revenue will help drive our SaaS and PaaS cloud gross margins from 43% in Q2 to approaching 60% in Q4 and drive significant EPS growth in Q4."
- "We are still on-target to sell and book more than $1.5 billion of new SaaS and PaaS business this fiscal year [previously targeted $1.5-2.0 bln]," said Oracle Executive Chairman and CTO Larry Ellison. "That is considerably more SaaS and PaaS new business than any other cloud services provider including salesforce.com."
- Oracle will guidef or Q3 on the call.
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