Oracle’s second quarter was better than expected

by Rocco Penn December 19, 2013, 11:20 AM 1.6k Views

Oracle’s second quarter results were better than expected and the company said software as a service bookings growth was 35 percent. New software licenses and cloud subscriptions sales were up 1 percent from a year ago and the company’s hardware business appears to have stabilized.

Oracle Corporation (NYSE: ORCL) today announced that both fiscal 2014 Q2 GAAP and non-GAAP total revenues were up 2% to $9.3 billion. GAAP new software licenses and cloud software subscriptions revenues were unchanged at $2.4 billion, while non-GAAP new software licenses and cloud software subscriptions revenues were down 1% to $2.4 billion. Both GAAP and non-GAAP software license updates and product support revenues were up 6% to $4.5 billion.

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Written by Rocco Penn

A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.