Oracle (ORCL) Hold Rating Maintained at Deutsche Bank

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Go back to Oracle (ORCL) Hold Rating Maintained at Deutsche Bank

Total Revenue Unchanged at $9.3 Billion but Up 6% in Constant Currency

March 17, 2015 4:00 PM EDT

REDWOOD SHORES, CA -- (Marketwired) -- 03/17/15 -- Oracle Corporation (NYSE: ORCL) today announced that fiscal 2015 Q3 Total Revenues were unchanged at $9.3 billion. The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Without the strengthening of the U.S. dollar, Total Revenues would have been up 6% as measured in constant currency. Software and Cloud Revenues were up 1% to $7.2 billion, and up 7% in constant currency. Cloud software-as-a-service (SaaS) and platform-as-a-service (PaaS) grew 30% to $372 million, and grew 34% in constant currency. Hardware Systems Revenues were down 2% to... More