Oracle today announced its fiscal 2019 Q1 results, reporting total revenues of $9.2 billion, up 1% in US dollars year on year. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 2% to $7.5 billion. The strengthening of the US dollar against foreign currencies was blamed for lower than expected Earnings Per Share figures.
“We are off to an excellent start with Q1 non-GAAP earnings per share growing 19% in constant currency,” said Oracle CEO, Safra Catz.
“We increased our market share as customers continued to buy Oracle Fusion ERP to replace their existing SAP and Workday ERP systems. Virtually every analyst ranks Oracle as the market leader in cloud ERP,” said Oracle CEO, Mark Hurd.
“The Oracle Autonomous Database is now available on our second generation, highly-secure “Bare-Metal” cloud infrastructure,” said Oracle CTO, Larry Ellison. “Oracle’s Autonomous Database is faster, easier-to-use, more reliable, more secure and much lower cost than Amazon’s databases,”, he added.
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