Oracle reported Q3 15/16 results ending in February 2016. Revenues declined 3.4% to US$9bn and net income dropped 14% to US$2.14bn. Cloud revenues however jumped 40% (44% at cc) to US$735m. Software licence revenues declined 15% to US1.68bn. This decline clearly indicates that Oracle is still ahead in the transition process in the licence to the cloud business model. In Q4 15 ending in December, cloud revenues of SAP increased 80% to €630m (US$693m) and 34.3% excluding the acquisitions o
16 Mar 2016
Cloud growth momentum continues
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Cloud growth momentum continues
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
16 Mar 2016 -
Author:
Heinz Steffen -
Pages:
2
Oracle reported Q3 15/16 results ending in February 2016. Revenues declined 3.4% to US$9bn and net income dropped 14% to US$2.14bn. Cloud revenues however jumped 40% (44% at cc) to US$735m. Software licence revenues declined 15% to US1.68bn. This decline clearly indicates that Oracle is still ahead in the transition process in the licence to the cloud business model. In Q4 15 ending in December, cloud revenues of SAP increased 80% to €630m (US$693m) and 34.3% excluding the acquisitions o