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

** charts after earnings **

 

Oracle beats by $0.02, beats on revs; 

• Reports Q1 (Aug) earnings of $0.62 per share, excluding non-recurring items, $0.02 better thanthe Capital IQ Consensus of $0.60; revenues rose 7.0% year/year to $9.21 bln vs the $9.03 bln Capital IQ Consensus. 
• Cloud plus On-Premise Software Revenues were up 9% to $7.4 billion. Cloud Software as a Service (SaaS) revenues were up 62% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $400 million.
• Total Cloud Revenues were up 51% to $1.5 billion vs. +48-52% guidance.
• Non-GAAP Operating Income was up 11% to $3.8 billion and non-GAAP Operating Margin was 41%.
• "With SaaS revenue up 62%, our cloud applications business continues to grow more than twice as fast as Salesforce.com [CRM]," said Oracle CEO, Mark Hurd. "ERP is our largest and most important cloud applications business. We now have about 5,000 Fusion ERP customers plus 12,000 NetSuite ERP customers in the Oracle Cloud. That's 30 times more ERP customers than Workday [WDAY]." "In a couple of weeks, we will announce the world's first fully autonomous database cloud service," said Oracle Chairman and CTO, Larry Ellison. "Based on machine learning, the latest version of Oracle is a totally automated "self-driving" system that does not require human beings to manage or tune the database. Using AI to eliminate most sources of human error enables Oracle to offer database SLA's that guarantee 99.995% reliability while charging much less than AWS."