UPDATE: Oracle (ORCL) Offers Q2 EPS Guidance
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Cloud SaaS and PaaS Revenues up 34% in U.S. Dollars and up 38% in Constant Currency
September 16, 2015 4:00 PM EDTREDWOOD SHORES, CA -- (Marketwired) -- 09/16/15 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2016 Q1 results. The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Total Revenues were $8.4 billion, down 2% in U.S. dollars but up 7% in constant currency. Cloud plus On-Premise Software Revenues were $6.5 billion, down 2% in U.S. dollars and up 6% in constant currency. Total Cloud Revenues were $611 million, up 29% in U.S. dollars and up 34% in constant currency. Cloud software as a service (SaaS) and platform as a service... More
