Oracle beats by $0.02, reports revs in-line
- Reports Q2 (Nov) earnings of $0.80 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.78; revenues fell 0.3% year/year to $9.57 bln vs the $9.52 bln S&P Capital IQ Consensus.
- Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 1% to $7.9 billion.
- "In addition to our strong EPS growth, free cash flow grew 10% to $13.8 billion over the previous twelve months. I am confident that we will continue to record strong EPS and free cash flow growth during the second half of this fiscal year." "Oracle's two cloud ERP businesses, Fusion ERP and NetSuite ERP, delivered a combined revenue growth rate of 32% in Q2," said Oracle CEO, Mark Hurd. "With nearly 6,000 Fusion ERP customers and over 16,000 NetSuite ERP customers, Oracle is the clear leader in cloud ERP. ERP has always been the largest segment of the enterprise applications business, so we have lots of room to grow as customers migrate from their traditional on-premise ERP to the Oracle Fusion ERP Cloud."
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