Q3 FY18 cloud revenues up 32%, says Oracle

Q3 FY18 cloud revenues up 32%, says Oracle
Published: 29 March 2018 - 1:24 a.m.
By: Utilities ME Staff

Oracle Corporation recently announced fiscal 2018 Q3 results.

A press release said that total Revenues were up 6% to $9.8 billion, compared to Q3 last year.

“Cloud and On-Premise Software Revenues were up 8% to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33% to $1.2 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $415 million. Total Cloud Revenues were up 32% to $1.6 billion,” it stated.

GAAP Operating Income was up 15% to $3.4 billion and GAAP Operating Margin was 35%.

“Non-GAAP Operating Income was up 9% to $4.3 billion and non-GAAP Operating Margin was 44%.

“Short-term deferred revenues were up 8% to $8.0 billion. Operating cash flow on a trailing twelve-month basis was up 13% to $15.2 billion,” the release said/

“During FY17, I forecast double-digit non-GAAP earnings per share growth for FY18,” said Oracle CEO, Safra Catz. “With non-GAAP earnings per share up 20% in Q3, our year-to-date earnings per share growth is now up to 16%. At this point, I feel quite confident that we will comfortably deliver on my original forecast of double-digit non-GAAP earnings per share growth for FY18.”

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