Oracle reported quarterly results and outperformed the guidance as a result of the powerful cloud results.
Oracle is currently competing for market share in the cloud market. It lags behind the leaders AWS, Microsoft Azure, and Google Cloud. Still, the company is making steady progress thanks to its ability to provide a full stack of databases and cloud solutions.
The company’s revenue in the last quarter reached $ 11.2 billion, an increase of 8% year-on-year. Net earnings were up 29% to $ 4 billion, or $ 1.37 per share.
Cloud services and license support revenue increased 8% to $ 7.4 billion. Meanwhile, cloud and on-premises license revenue increased 9% to $ 2.1 billion.
Safra Catz, CEO of Oracle, said: “Our multi-billion dollar Fusion and NetSuite cloud application business has already seen a dramatic increase in rapid revenue growth. Fusion ERP increased by 30% in the third quarter and 46% in the fourth quarter, Fusion. HCM increased 23% and 35% in the third quarter. NetSuite in the fourth quarter increased 24% in the third quarter and 26% in the fourth quarter. Oracle Fusion is the world’s largest cloud ERP Business. Oracle NetSuite is the world’s second largest cloud ERP business. Revenues from the Gen2 cloud infrastructure business, including Autonomous Database, increased by more than 100% in the fourth quarter. This year’s Applications and Infrastructure Cloud Accelerating both business growth has increased earnings per share by up to 21% in 2009, which is the fourth consecutive year of double-digit growth in Oracle’s earnings per share. “
“The two most popular databases in the world are Oracle Autonomous Database and Oracle MySQL,” said Larry Ellison, Chairman and CTO of Oracle. “Oracle Database achieved strong revenue growth again in 2009. The revenue-measured Oracle Database business is now smaller than the MySQL database business, but the latest version of Oracle MySQL has been upgraded and is an innovation called HeatWave. This is changing with the inclusion of a new ultra-high performance parallel processing query engine. Independent analysts say that Oracle MySQL with HeatWave is 10 to 100 times faster than the Amazon version of MySQL called Aurora. With this technological advance, some of Amazon’s customers are beginning to migrate their Aurora workloads to Oracle MySQL, and industry analysts say that Oracle Cloud Infrastructure customers. Inquiries from are increasing 10-fold. Both Oracle Autonomous Database and Oracle MySQL with HeatWave technology have acquired the high-ground technology of the cloud database business, which is good for the future of Oracle Cloud. It’s a sign. “
Oracle defeats powerful cloud performance guidance
Source link Oracle defeats powerful cloud performance guidance