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What's going great for Oracle? Cloud. What's not great? Just about everything else

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Peter Merchant
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House Larry says that its Q3 FY2018 figures show its focus on cloud and SaaS paying off:

Revenues of $9.8bn were earned in the last three months, up 6 per cent from the year-ago quarter.

Net loss was $4bn, as Oracle wrote down a $6.9bn one-time tax hit from President Trump's new tax plan.

Earnings per share [non-GAAP] took out the tax hit and the total of $0.83 topped analyst forecasts of $0.72 .

In reality [GAAP], loss per share added up to $0.98.

Cloud revenues of $1.6bn were up to the tune of 32 per cent from the year-ago quarter.

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Peter Merchant
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