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Oracle Q2 2017 total revenues flat in dollars

Staff Writer | December 16, 2016
Oracle Corporation announced fiscal Q2 2017 results. Total revenues were $9.0 billion, flat in U.S. dollars and up 1% in constant currency.
Oracle   Non-GAAP total revenues were $9.1 billion
Non-GAAP total revenues were $9.1 billion, up 1% in U.S. dollars and up 2% in constant currency.

Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $878 million, up 81% in U.S. dollars and up 83% in constant currency. Non-GAAP SaaS and PaaS revenues were $912 million, up 87% in U.S. dollars and up 89% in constant currency.

Total cloud revenues, including infrastructure as a service (IaaS), were $1.1 billion, up 62% in U.S. dollars and up 64% in constant currency. Cloud plus On-Premise Software Revenues were $7.2 billion, up 2% in U.S. dollars and up 3% in constant currency.

Operating income was $3.0 billion and operating margin was 34%. Non-GAAP operating income was $3.8 billion and non-GAAP operating margin was 42%. Net income was $2.0 billion while non-GAAP net income was $2.6 billion.

Earnings per share was $0.48, while non-GAAP earnings per share was $0.61. Without the impact of the U.S. dollar strengthening compared to foreign currencies and an unforeseen Egyptian currency exchange loss, Oracle’s reported GAAP and non-GAAP Earnings Per Share would have been 2 cents higher.

Short-term deferred revenues were $7.4 billion, up 6% in U.S. dollars and up 8% in constant currency compared with a year ago. Operating cash flow on a trailing twelve-month basis was $14.2 billion, up 9% from the prior year.