Oracle reported Q1 15/16 results ending in August. In general, the company suffered from unfavourable currency exchange rates (appreciation of the US$). Total revenues declined 2% (at cc +7%) to US$8.45bn and operating income dropped 10% (at cc +2%) to US$2.65bn. The real operating margin declined from 34% to 31% and the virtual EBIT margin from 44% to 41%. Cloud software as a service revenues grew 34% (at cc 38%) to US$451m. Including revenues from cloud infrastructure as a service, total cloud ....
17 Sep 2015
Oracle's cloud performance not really convincing
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Oracle's cloud performance not really convincing
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
17 Sep 2015 -
Author:
Heinz Steffen -
Pages:
2
Oracle reported Q1 15/16 results ending in August. In general, the company suffered from unfavourable currency exchange rates (appreciation of the US$). Total revenues declined 2% (at cc +7%) to US$8.45bn and operating income dropped 10% (at cc +2%) to US$2.65bn. The real operating margin declined from 34% to 31% and the virtual EBIT margin from 44% to 41%. Cloud software as a service revenues grew 34% (at cc 38%) to US$451m. Including revenues from cloud infrastructure as a service, total cloud ....