Oracle Corporation Q2 2015 as-a-service revenue up 45%Staff writer ▼ | December 18, 2014
Oracle Corporation announced that fiscal Q2 2015 total revenues were up 3% to $9.6 billion. Software and Cloud Revenues was up 5% to $7.3 billion.
Total revenues up 3% Good quarter for cloud computing
Non-GAAP operating income was up 3% to $4.4 billion, and the non-GAAP operating margin was 46%. GAAP net income was down 2% to $2.5 billion while non-GAAP net income was down 1% to $3.1 billion. GAAP earnings per share were $0.56, unchanged from last year, while non-GAAP earnings per share were up 1% at $0.69. GAAP operating cash flow on a trailing twelve-month basis was $15.3 billion.
Without the impact of the US dollar strengthening compared to foreign currencies, Oracle's reported Q2 GAAP and non-GAAP earnings per share would have been up 5%; Q2 Total Revenues would have been up 7%; Software and Cloud revenues would have been up 8%; and Hardware Systems revenues would have been up 4%.
"We continue to deliver industry-leading operating margins and cash flow even after adding the thousands of specialized sales people and engineers necessary to accelerate the growth of our new cloud businesses," said Oracle CEO, Safra Catz.
"Total Q2 new cloud bookings grew at a rate of more than 140%," said Oracle CEO, Mark Hurd. "We now have over 600 ERP Fusion Cloud customers, that's five-times more ERP customers than Workday." ■