Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. Oracle said sales of its Fusion application for managing corporate finances jumped 33% in the quarter, while revenue from NetSuite’s financial software, targeted to small and mid-sized businesses, increased 21%. Cloud license and on-premises license revenue fell 22%, to a little under $2 billion. Ellison said demand from large clients for Oracle’s infrastructure cloud services outstripped supply in the last quarter, so the company is scurrying to expand data centers. Profit, excluding some items, was $1.06 a share, beating estimates by 6 cents. Enabling all our on-premise database customers to upgrade and run Oracle’s latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database…especially by our largest customers including banks and governments that are not currently planning to move their largest and most critical systems to a public cloud.”. Subscribe for 12 months of unlimited access to constantly updated digital Oracle Cloud Learning Subscriptions. Check the spelling of your keyword search. Second-generation cloud-infrastructure revenue grew … Yes, as per Trefis estimates Oracle(NYSE: ORCL) will see a growth of 1.1% in its top line for FY 2020 (ended May 2020). Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On … The board of directors declared a quarterly cash dividend of $0.24 per share of outstanding common stock. Software as a service is expected to be the largest revenue slice of the cloud pie. The latest report on ' Oracle Cloud Application Services market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. Claim my badge. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. (Bloomberg) -- Oracle Corp. gave a better-than-expected forecast for quarterly revenue, in a sign of improving demand for the software giant’s cloud computing technology after … Oracle Beats Quarterly Profit Estimates on Cloud Services Boost By Reuters , Wire Service Content Dec. 10, 2020 By Reuters , Wire Service Content Dec. 10, 2020, at 4:12 p.m. Short-term deferred revenues were $8.0 billion. Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. REGISTRATION CLOSED : … Quick... Apple Shuts Stores in California and London as Covid Surges, At Least 200 Victims Identified in Suspected Russian Hacking, U.K. Says Virus Strain Afflicting London Spreads More Easily. Oracle undertakes no duty to update any statement in light of new information or future events. Manage my certifications. (3) Our cloud strategy, including our Oracle Software-as-a-Service and Infrastructure-as-a-Service offerings, may adversely affect our revenues and profitability. Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Analyst's were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. But Gartner says Oracle is a “niche player” in a market led by Amazon, followed by Microsoft and Google. Alibaba. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion … Such gains would keep Oracle on track to post three consecutive quarters of sales growth after two fiscal years of declining revenue. Performance Highlights. “Snowflake is a decent product, a good product, I think, and it’s just killing RedShift over at Amazon,” he said. Enterprise Cloud infrastructure and applications technology provider Oracle Corporation reported fiscal Q2-2020 financial performance for the period ending November 30 this week and the tone of Oracle’s senior executives was rather upbeat.. Revenue from cloud services and license support climbed 4% to $7.1 billion. Cloud license and on-premise license revenues were $2.0 billion. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. 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