Cloud and Engineered Systems Set to Drive Oracle’s Revenue Growth in Q3
March 13, 2015
Grazed from Forbes. Author: Editorial Staff.
Global software giant Oracle Corp. is slated to report its fiscal 2015 third quarter results on Tuesday, March 17th (the company follows June-May fiscal year). Having posted strong results in the second quarter thanks to the rapid expansion of its cloud computing business, expectations are ripe for the continuation of the cloud success story.
Further, this will be the first earnings report since Oracle initiated an aggressive pricing strategy for its engineered systems (Read: Oracle Triggers Price War in the Servers Market). Therefore, Oracle’s hardware business will also be watched closely to determine if the strategy has paid off…
Oracle reported revenues of $9.6 billion in the second quarter, beating consensus estimates as well as its own guidance. Non-GAAP EPS stood at $0.69, exceeding the consensus estimates and at the higher end of Oracle’s guidance. The all-round performance was largely due to the unbridled growth of Oracle’s cloud business, which grew by 47% year on year in the second quarter. On-premise software licenses grew by 6%, while hardware systems revenues beat expectations of a decline and expanded by 4%. (Read: Oracle Q2’15 Earnings Review: Cloud’s Success Helps Beat All Expectations)…
Read more from the source @ http://www.forbes.com/sites/greatspeculations/2015/03/13/cloud-and-engineered-systems-set-to-drive-oracles-revenue-growth-in-q3/