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Primeur weekly 2017-03-20

Focus

CEO Steve Cotter elaborates on GEANT's backbone infrastructure, service deployment and KPI development ...

Exascale supercomputing

MicroVisor, a new hypervisor technology, paves the way for low-power data centres ...

Crowd computing

iEx.ec announces token crowdsale to launch the first distributed Cloud Crowdcomputing platform ...

Quantum computing

Digital pioneering work: Volkswagen uses quantum computers ...

D-Wave and Virginia Tech join forces to advance quantum computing ...

D-Wave 2000Q system to be installed at Quantum Artificial Intelligence Lab run by Google, NASA, and Universities Space Research Association ...

Focus on Europe

NVIDIA partners with Bosch for system based on next-generation DRIVE PX Xavier platform ...

New supercomputer for RWTH Aachen ...

European 'Big Data' e-infrastructure to support biodiversity research Lifewatch now ERIC legal entity ...

ISC 2017 dedicates a day to deep learning ...

Hardware

Los Alamos National Laboratory donation adding to University of New Mexico supercomputing power ...

BASF selects HPE to build supercomputer for global chemical research ...

Top weather and climate sites rely on DDN storage for more accurate, faster simulations, forecasts and predictions ...

Noodle.ai unveils BEAST Enterprise Artificial Intelligence supercomputing technology - powered by NVIDIA DGX-1 AI supercomputer ...

Simons Foundation's Flatiron Institute to repurpose SDSC's 'Gordon' supercomputer ...

Applications

A scientist and a supercomputer re-create a tornado ...

Arthritis Research UK introduces IBM Watson-powered 'virtual assistant' to provide information and advice to people with arthritis ...

High-precision calculations on supercomputers help reveal the physics of the universe ...

IDx and IBM Watson Health forge alliance for eye health ...

IBM Watson Health to integrate MedyMatch Technology into cognitive imaging offerings to help doctors identify head trauma and stroke ...

Simultaneous detection of multiple spin states in a single quantum dot ...

Computer simulation of protein synthesis reveals awesome complexity of cell machinery ...

Computer simulations first step toward designing more efficient amine chemical scrubbers ...

The prototype of a chemical computer detects a sphere ...

The Cloud

Oracle announces fiscal 2017 Q3 results ...

IBM and Red Hat Collaborate to Accelerate Hybrid Cloud Adoption with OpenStack ...

Oracle announces fiscal 2017 Q3 results

15 Mar 2017 Redwoord Shores - Oracle Corporation has issued fiscal 2017 Q3 results. Total Revenues were $9.2 billion, up 2% in U.S. dollars and up 3% in constant currency. Non-GAAP Total Revenues were $9.3 billion, up 3% in U.S. dollars and up 4% in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $1.0 billion, up 73% in U.S. dollars and up 74% in constant currency. Non-GAAP SaaS and PaaS revenues were $1.1 billion, up 85% in U.S. dollars and up 86% in constant currency. Total Cloud Revenues, including infrastructure as a service (IaaS), were $1.2 billion, up 62% in U.S. dollars and up 63% in constant currency. Total Cloud and On-Premise Software Revenues were $7.4 billion, up 4% in U.S. dollars and up 5% in constant currency.

Operating Income was $3.0 billion and Operating Margin was 32%. Non-GAAP Operating Income was $3.9 billion, up 3% in U.S. dollars and up 4% in constant currency, and non-GAAP Operating Margin was 43%. Net Income was $2.2 billion while non-GAAP Net Income was $2.9 billion, up 6% in U.S. dollars and up 7% in constant currency. Earnings Per Share was $0.53, while non-GAAP Earnings Per Share was $0.69, up 7% in U.S. dollars. Without the impact of the U.S. dollar strengthening compared to foreign currencies, Oracle's reported GAAP Earnings Per Share would have been 1 cent higher.

Short-term deferred revenues were $7.4 billion, up 7% in U.S. dollars and constant currency compared with a year ago. Operating cash flow on a trailing twelve-month basis was $13.5 billion.

"The hyper-growth we continue to experience in the Cloud has rapidly driven both our SaaS and PaaS businesses to scale", stated Oracle CEO, Safra Catz. "On an annualized non-GAAP basis, our total Cloud business has reached the $5 billion mark, and our SaaS and PaaS businesses grew at the astonishing rate of 85% in Q3. That growth and the resulting scale enabled our SaaS and PaaS businesses to increase non-GAAP gross margins to 65%. Our new, large, fast growing, high-margin Cloud businesses are driving Oracle's total revenue and earnings up and improving nearly every important non-GAAP business metric you care to inspect; total revenue is up, margins are up, operating income is up, net income is up, EPS is up. Take a look. Q3 was a very strong quarter."

"Over the last year, we sold more new SaaS and PaaS than Salesforce.com, and we're growing more than 3 times faster", stated Oracle CEO, Mark Hurd. "If these trends continue, where we are selling more SaaS and PaaS in absolute dollars and growing dramatically faster, it's just a matter of when we catch and pass Salesforce.com in total Cloud revenue."

"Both our SaaS and PaaS businesses are doing great, but I'm even more excited about our second generation IaaS business", stated Oracle Chairman and CTO, Larry Ellison. "Our new Gen2 IaaS is both faster and lower cost than Amazon Web Services. And now our biggest customers can run their largest and most demanding Oracle database workloads in the Oracle Cloud - something that is absolutely impossible to do in the Amazon Cloud."

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share of outstanding common stock, reflecting a 27% increase over the current quarterly dividend of $0.15. Larry Ellison, Oracle's Chairman of the Board, Chief Technology Officer and largest stockholder, did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on April 12, 2017, with a payment date of April 26, 2017.

Source: Oracle

Back to Table of contents

Primeur weekly 2017-03-20

Focus

CEO Steve Cotter elaborates on GEANT's backbone infrastructure, service deployment and KPI development ...

Exascale supercomputing

MicroVisor, a new hypervisor technology, paves the way for low-power data centres ...

Crowd computing

iEx.ec announces token crowdsale to launch the first distributed Cloud Crowdcomputing platform ...

Quantum computing

Digital pioneering work: Volkswagen uses quantum computers ...

D-Wave and Virginia Tech join forces to advance quantum computing ...

D-Wave 2000Q system to be installed at Quantum Artificial Intelligence Lab run by Google, NASA, and Universities Space Research Association ...

Focus on Europe

NVIDIA partners with Bosch for system based on next-generation DRIVE PX Xavier platform ...

New supercomputer for RWTH Aachen ...

European 'Big Data' e-infrastructure to support biodiversity research Lifewatch now ERIC legal entity ...

ISC 2017 dedicates a day to deep learning ...

Hardware

Los Alamos National Laboratory donation adding to University of New Mexico supercomputing power ...

BASF selects HPE to build supercomputer for global chemical research ...

Top weather and climate sites rely on DDN storage for more accurate, faster simulations, forecasts and predictions ...

Noodle.ai unveils BEAST Enterprise Artificial Intelligence supercomputing technology - powered by NVIDIA DGX-1 AI supercomputer ...

Simons Foundation's Flatiron Institute to repurpose SDSC's 'Gordon' supercomputer ...

Applications

A scientist and a supercomputer re-create a tornado ...

Arthritis Research UK introduces IBM Watson-powered 'virtual assistant' to provide information and advice to people with arthritis ...

High-precision calculations on supercomputers help reveal the physics of the universe ...

IDx and IBM Watson Health forge alliance for eye health ...

IBM Watson Health to integrate MedyMatch Technology into cognitive imaging offerings to help doctors identify head trauma and stroke ...

Simultaneous detection of multiple spin states in a single quantum dot ...

Computer simulation of protein synthesis reveals awesome complexity of cell machinery ...

Computer simulations first step toward designing more efficient amine chemical scrubbers ...

The prototype of a chemical computer detects a sphere ...

The Cloud

Oracle announces fiscal 2017 Q3 results ...

IBM and Red Hat Collaborate to Accelerate Hybrid Cloud Adoption with OpenStack ...