The Oracle Corporation publishes its financial results for the second quarter of the current fiscal year, and the technology company said net income of $ 2.2 billion, or 51 cents per share, on revenues of $ 9 billion.
The Wall Street analysts expect revenues of 9.06 billion dollars, the hardware and software industry company that indicated why these results is due to the increasing strength of the dollar more than expected compared to other currencies around the world.
She stressed blatant Katz, chief executive of Oracle Corporation in prepared remarks in advance that Oracle pleased with these results and profits, and that the cloud computing revenue department is on the rise.
The chief executive highlighted the increase in the growth of sales and revenue departments such as SaaS and SaaS department as a service platform PaaS.
The chief executive pointed out that the revenues and revenue departments SaaS and PaaS have reached about $ 484 million during the quarter, an increase of 34%, while the total cloud business revenues amounted to about $ 649 million, an increase of 26%.
Larry Ellison, the company's chairman and executive added that the company is still on track to achieve more than $ 1.5 billion through the SaaS and PaaS sections before the end of fiscal year 2016.
Larry said, "These results suggest that the new sections SaaS and PaaS offers a business much larger than the other cloud service providers including salesforce.com".
Looking and Wall Street analysts during the current quarter on revenues of $ 9.28 billion, comes this news with Oracle's announcement that it had annexed the former President Renee James, Intel to Oracle Management Council.
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