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Oracle’s Fiscal 2013 Q3 Revenue Disappoints

By TechTaffy Desk

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Oracle’s  fiscal 2013 Q3 total revenues were down 1% to $9 billion, said the company on Wednesday.

New software licenses and cloud software subscriptions revenues were down 2% to $2.3 billion. Software license updates and product support revenues were up 7% to $4.3 billion. Hardware systems products revenues were $671 million.

Oracle’s operating income was up 1% to $3.3 billion, and operating margin was 37%. The company’s net income was unchanged at $2.5 billion, and earnings per share were 52 cents, up 6% compared to last year. Operating cash flow on a trailing twelve-month basis was $13.7 billion.

Mark Hurd (President, Oracle): In Q3, our SaaS revenue alone grew well over 100% as lots of new customers adopted our Sales, Service, Marketing and Human Capital Management applications in the Cloud.

Oracle said the US dollar strengthening compared to foreign currencies, impacted its performance negatively.

Oracle shares tumbled in after-hours trading. At the time of writing, the stock is down 7.31% or $2.61.

 

 

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