Oracle: mixed Q1 results.
(CercleFinance.com) - Oracle reported mixed results on Thursday night, with Q1 EPS above expectations, thanks to the dynamic nature of its Cloud activities, but a rather disappointing outlook for the current quarter.
The corporate software publisher unveiled Q1 2017-18 (non-GAAP) adjusted income that was up 14% at 2.7 billion dollars, or 62 cents per share, against the consensus of 60 cents.
Revenues rose by 7% to 9.2 billion dollars, boosted by a 51% increase in revenues in the cloud (at 1.5 billion dollars), including a 62% increase of 62% for the SaaS cloud (Software as a Service).
Aurel BGC points out that CEO Safra Catz anticipates revenue to increase by 2% to 4% in the second quarter, against 4.7% expected by the consensus, adding that Oracle will continue its investments in Cloud infrastructure, which is weighing on its profitability.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The corporate software publisher unveiled Q1 2017-18 (non-GAAP) adjusted income that was up 14% at 2.7 billion dollars, or 62 cents per share, against the consensus of 60 cents.
Revenues rose by 7% to 9.2 billion dollars, boosted by a 51% increase in revenues in the cloud (at 1.5 billion dollars), including a 62% increase of 62% for the SaaS cloud (Software as a Service).
Aurel BGC points out that CEO Safra Catz anticipates revenue to increase by 2% to 4% in the second quarter, against 4.7% expected by the consensus, adding that Oracle will continue its investments in Cloud infrastructure, which is weighing on its profitability.
Copyright (c) 2017 CercleFinance.com. All rights reserved.