Without the impact of the US dollar strengthening compared to foreign currencies, Oracle's reported Q2 GAAP and non-GAAP earnings per share would have been up 5%; Q2 Total Revenues would have been up 7%; Software and Cloud revenues would have been up 8%; and Hardware Systems revenues would have been up 4%.
"We continue to deliver industry-leading operating margins and cash flow even after adding the thousands of specialized sales people and engineers necessary to accelerate the growth of our new Cloud businesses", stated Oracle CEO, Safra Catz.
"Total Q2 new cloud bookings grew at a rate of more than 140%", stated Oracle CEO, Mark Hurd. "We now have over 600 ERP Fusion Cloud customers - that's five-times more ERP customers than Workday."
"By Q4 of this year we expect our new Cloud bookings to exceed $250 million", stated Oracle Chairman and Chief Technology Officer Larry Ellison. "Next fiscal year our new Cloud bookings will be well over the billion dollars mark."
The Board of Directors also declared a quarterly cash dividend of $0.12 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on January 7, 2015, with a payment date of January 28, 2015.