Oracle this month also reported the number of Fusion ERP customers rose by 33 percent to more than 7,500 customers. That cloud growth did not translate into significant overall revenue gains cloud and on-premise licenses, hardware and service revenue all fell. The giant software company reported revenue of $9.8 billion, an increase of 1.9 percent from $9.61 billion in last year’s corresponding period. Net income reached $2.44 billion in the most recently ended period, rising 5.7 percent from $2.31 billion. The total is not expected to rise substantially during the current financial year. CEO Safra Catz said non-GAAP revenue for the year ending May 31 will grow by 1 to 3 percent in constant currency and 2 percent to 4 percent in U.S. dollars. As other categories drop, cloud services revenue continues to escalate. “Over the last four years, we have doubled the percentage of revenue that is being derived from our cloud services,” Catz said during Oracle’s recent earnings webcast. Oracle’s division of cloud revenue reporting is different from other software vendor. Software license and license support was $7.11 billion, up 4.4 percent from $6.8 percent. Cloud and on-premise licenses fell 3 percent to $1.13 billion. Hard revenue dropped to $844 million, off 3.1 percent from $871 million while services revenue dropped to $752 million, a decline of 6.7 percent from $806 million.
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NETSUITE CUSTOMERS UP 21 PERCENT Featured
The number of NetSuite customer rose 21 percent for the second quarter ended November 30. That brought the total to more than 24,000 customers, and whatever percentages have been reported over the last year, about 1,000 NetSuite are being added per quarter consistently.
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