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Стартап
DateDate: 17-09-2016, 09:44



Last quarter, the enterprise software Oracle once again showed strong growth of its business in the field of cloud services, but reduced demand for traditional company has limited the rise in sales overall, reports The Wall Street Journal (WSJ).
In an effort to catch up with Amazon and Microsoft over the market for cloud services, Oracle is quickly developing this area, especially the so-called SAAS - and PaaS-services (software as a service, platform as a service).
For the fiscal quarter expired August 31, 2016, total revenue from Oracle cloud services has increased by 59% yoy and reached 969 million dollars and in constant currency the increase amounted to 61%.
However, larger and more profitable business Oracle for the sale of traditional software is reduced. Last finkvartal implementation of new software licenses fell 11%, to 1.03 billion. As a result, total revenue grew by only 2% and amounted to $ 8.6 billion, down from analysts ' forecasts.
In addition, Oracle reported net income of 1.83 billion dollars, or 43 cents per share vs 1.75 billion, or 40 cents a year earlier. Adjusted profit does not take into account certain items of expenditure, was equal to 55 cents per share, while experts surveyed by Thomson Reuters had expected a result at 58 cents a share.
The stock market reacted to the disappointing financial result decrease in quotations of the Oracle: according to The Financial Times, the company's shares fell by almost 3%. The publication also said that in the current quarter, Oracle expects adjusted earnings in the range of 58-60 cents per share, while the consensus forecast of wall street provides increased to 65 cents.
Over the last nine quarters adjusted earnings Oracle already three times worse than analysts, said in an interview with the WSJ, the expert of investment group Stifel Nicolaus brad Ribak (Brad Reback).
Meanwhile, at a press conference after the announcement of the quarterly results and Safra Katz (Safra Catz), which is one of the two General Directors of Oracle, reported on the progress of processing the transaction by the absorption of competing companies NetSuite. About the purchase in the amount of 9.3 billion was announced in July. It is expected to help Oracle attract a greater number of smaller corporate clients.
According to Safra Katz, the transaction was approved already all antitrust authorities than US regulators. On his decision they will have to declare until the end of September.





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