Chairman Larry Ellison pointed to what he called a “huge lead” that Oracle has in cloud ERP. During this week’s earnings webcast, Ellison said there were 20,000 NetSuite ERP customers, which means the company added 2,000 during the quarter based on statements made for its prior quarter. Ellison said there were 7,000 Fusion ERP customers up 37 percent from a year ago. That’s up from 6,400 at the end of the August quarter The NetSuite increase is comparable to the 28-percent increase in revenue Sage reported for its Intacct operations for the year ended September 30. So cloud ERP is hot. The rest of Oracle is not although Ellison spent time stressing company’s lead in cloud over SAP and in ERP and HCM over Workday and seemed at times like he planned on listing all new customers during the webcast. Net income of $2.31 billion increased was relatively unchanged from $2.33 billion in last year’s corresponding period. Revenue also moved little, reaching $9.61 billion in the most recently ended quarter, an increase .6 percent from $9.56 billion Cloud license and on-premise license revenue was $1.13 billion down 7.4 percent from $1.21 billion. It would be interesting to see the on-premise license totals and also, Oracle does not separate out services and support the way other companies do. Its largest category is cloud services and license support of $6.81 billion for the November quarter, an increase of 2.6 percent from $6.64 billion.Last modified on Friday, 13 December 2019
NETSUITE REVS RISE 29 PERCENT Featured
The cloud boom continues at Oracle reported NetSuite revenue for the first quarter ended November 30 were 29 percent higher than in the year-ago quarter. NetSuite and Fusion ERP were bright spots in a flat quarter that disappointed Wall Street.