Oracle: mixed Q1 results.

(CercleFinance.com) - Oracle reported mixed results on Thursday night, with Q1 EPS above expectations, thanks to the dynamic nature of its Cloud activities, but a rather disappointing outlook for the current quarter.


The corporate software publisher unveiled Q1 2017-18 (non-GAAP) adjusted income that was up 14% at 2.7 billion dollars, or 62 cents per share, against the consensus of 60 cents.

Revenues rose by 7% to 9.2 billion dollars, boosted by a 51% increase in revenues in the cloud (at 1.5 billion dollars), including a 62% increase of 62% for the SaaS cloud (Software as a Service).

Aurel BGC points out that CEO Safra Catz anticipates revenue to increase by 2% to 4% in the second quarter, against 4.7% expected by the consensus, adding that Oracle will continue its investments in Cloud infrastructure, which is weighing on its profitability.


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