Cloud services and licence support growth bolsters Oracle earnings
Cloud services and licence support growth bolsters Oracle earnings
But cloud licence and on-premise licence revenues fell
Larry Ellison (Oracle)
Credit: Blair Hanley Frank
A revenue surge stemming from Oracle’s cloud services and licence support has helped to bolster the software giant’s financials in a second quarter that saw it weather falls in cloud licence and on-premise licence revenues.
The three months ending 30 November saw Oracle post a 4 per cent year-on-year increase in cloud services and licence support revenues, to US$7.1 billion.
At the same time, the company revealed a 3 per cent year-on-year fall in cloud licence and on-premise licence revenues, to US$1.1 billion. Total quarterly revenues, meanwhile, were up by 2 per cent, year-over-year, to US$9.8 billion.