Oracle Q4 revenues down 5pc
Oracle Corporation said revenues for its fiscal fourth quarter 2015 fell 5 per cent year-on-year to US$ 10.7 billion, significantly impacted by the strong US dollar. Without currency effects, revenues would have been up 3 per cent, says a press release.
Software and Cloud revenues reached $ 8.4 billion, down 6 per cent, but up 2 per cent in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues grew 29 per cent to $ 416 million, up 35 per cent in constant currency.
Cloud infrastructure as a service (IaaS) revenues rose 25 per cent to $ 160 million, up 31 per cent in constant currency. Hardware Systems revenues fell 4 per cent to $ 1.4 billion, up 5 per cent in constant currency.
The operating profit reached $ 4.0 billion, with an operating margin of 37 per cent. The net profit went to $ 2.8 billion, with earnings per share down 23 per cent to $ 0.62, off 12 per cent in constant currency. The company declared a quarterly cash dividend of $ 0.15 per share, the statement added.
