Oracle discloses Q3 results

Oracle Corporation (NYSE: ORCL) Monday announced fiscal 2018 Q3 results. Total Revenues were up 6.0 per cent to $9.8 billion, compared to Q3 last year. Cloud and On-Premise Software Revenues were up 8.0 per cent to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33 per cent to $1.2 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28 per cent to $415 million.

Total Cloud Revenues rose 32 per cent to $1.6 billion, said a statement.

Short-term deferred revenues were up 8.0 per cent to $8.0 billion. Operating cash flow on a trailing twelve-month basis rose 13 per cent to $15.2 billion.

"During FY17, I forecast double-digit non-GAAP earnings per share growth for FY18," said Oracle CEO, Safra Catz.

"With non-GAAP earnings per share up 20 per cent in Q3, our year-to-date earnings per share growth is now up to 16 per cent. At this point, I feel quite confident that we will comfortably deliver on my original forecast of double-digit non-GAAP earnings per share growth for FY18."