Oracle: profit falls, cloud rises

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Poston Wed, 18 Mar 2015 6:41 pm

Oracle announced this week the financial results for the third quarter of fiscal year 2015, ended on 28 February, pointing out a fall in its net profit, revenue growth and stability in their cloud services.

The company's net income was $ 2.49 billion, a drop of 3% in comparison with the $ 2.56 billion obtained in the same period in fiscal year 2014. The multinational's revenue for the quarter was $ 9.3 billion, that figure has not changed compared to the same period in the previous year.

Of the total revenue, $ 4.6 billion was obtained with updates and software support, an increase of 2%, and $ 1.98 billion with new licenses and software subscriptions, a retreat of 7% compared to the same period of the previous fiscal year.

The hardware area was another who had decline, dropping 2% to a revenue of $ 1.29 billion, of which $ 712 million were for products and $ 587 million for support.

The Services Division also had a fall, with an income of $ 858 million, 3 percent less than in the third quarter accounted for the Oracle fiscal year 2014.

Even with the declines, the multinational lifted the ball of your cloud Service Division, pointing to a growth of 29% over the previous year. During the period reported, the cloud services had revenues of $ 527 million.

The positive result with Division cloud cheered the founder and former CEO of the company, Larry Ellison, who last October, during the Oracle Open World, the company clearly positioned as a player of cloud, calling including companies such as Salesforce for the fight.

\"Our cloud business is growing faster than I expected, " said the Executive at a shareholders ' meeting of the company, reported the Financial Times. Poking again the Salesforce, Ellison aifrmou that by the end of 2015 to your company must unseat the company of Marc Benioff.

According to figures released by Oracle, the products of platform-as-a-service (PaaS) and software as a service (SaaS) record growth in demand of more than 100%.

The repositioning of the company as a cloud player also had negative impacts on the balance sheet, with an 87% increase in operating expenses, which was explained by co-CEO of the company, Safra Catz.

" They (expenses) reflect investment in a base to the huge growth we're predicting. We are clearly growing faster than the Salesforce ", said the Executive, who shares the company with Mark Hurd.

For comparison purposes, according to the results published by 2014 from Salesforce, the company had revenue of $ 5.4 billion, a growth of 32% about 2013.

Source: [url = : http//www . com br . . baguette/news/18/03/2015/oracle-profit-falls-cloud-sobe/] LINK
dr_gori
Location: Seattle, WA, USA

Thomas F. G

Poston Mon, 23 Mar 2015 5:53 pm

Very strange had a drop in services and had increased in the Cloud?I believe it is a Cloud service, will understand these stories. :-:D
adrianoturbo
Location: Brasília

Adriano Alves
---Para cada problema dificil existe uma solução simples.----



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