Oracle’s SaaS, PaaS and IaaS Cloud Revenue up 45% to $516 Million

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Oracle has announced that fiscal 2015 Q2 Total Revenues were up 3% to $9.6 billion. Software and Cloud Revenues were up 5% to $7.3 billion. Cloud based Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) revenues were up 45% to $516 million.

oracle-cloud“Total Q2 new cloud bookings grew at a rate of more than 140%,” said Oracle CEO, Mark Hurd. “Oracle now has over 600 ERP Fusion Cloud customers – that’s five-times more ERP customers than Workday.”

Oracle’s GAAP operating income was up 4% to $3.5 billion in Q2, and the GAAP operating margin was 37%. Non-GAAP operating income was up 3% to $4.4 billion, and the non-GAAP operating margin was 46%. GAAP net income was down 2% to $2.5 billion while non-GAAP net income was down 1% to $3.1 billion.

“By Q4 of this year we expect our new cloud bookings to exceed $250 million,” said Oracle Chairman and Chief Technology Officer Larry Ellison. “Next fiscal year our new cloud bookings will be well over the billion dollars mark.”

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