Oracle Released 2017 Fiscal Year Second Quarter Earnings, Stock Prices Fell 2%

Oracle Corp, Oracle Software Co., Ltd. is the largest enterprise software company in the world. Its headquarters is located in the world.

Redwood beach, California.

Officially entered in 1989.

Market.

Oracle has surpassed IBM in 2013, becoming the second largest software company in the world after Microsoft.

According to the world clothing shoes and hats net, Beijing time on December 16th, Oracle published today's 2017 fiscal year second quarter financial report.

As sales of overseas businesses were affected by the strength of the US dollar, Oracle's second quarter revenue growth was less than analysts' average forecast, making the company's share price drop 2% in after hours trading.

Half of Oracle's revenue comes from outside the United States.

According to the financial report, in the second quarter of fiscal year 2017 ending November 30th, Oracle's total revenue was adjusted to $9 billion 70 million, slightly higher than nearly 9 billion dollars in the same period last year.

According to Thomson Reuters survey, analysts expect Oracle's second quarter revenue to be $9 billion 120 million.

Oracle cloud software and platform service business revenue of $878 million, an increase of 81.4% over the same period last year, but still below the average analyst expectations of $8.795.

Oracle constantly strengthens its cloud services through acquisitions, eliminating the threat of more flexible competitors such as Workday and Salesforce.com, such as buying NetSuite at a price of $9 billion 300 million.

Oracle CEO Mark Hurd (Mark Hurd) said in a notice: "to sell SaaS Cloud Applications to business customers who exceed 1000 employees,

It has surpassed Salesforce.com to become the first earning company in the industry.

This data comes from IDC, a market research firm.

The proportion of cloud software sales revenue in Oracle's total revenue is still small, because this is a subscription based business, although the income is stable, but the profit margin is low.

In the second quarter of fiscal year 2017, the performance of the traditional software business with higher profit margins was still unsatisfactory, and the revenue fell 19.7% to 1 billion 350 million US dollars over the same period.

Oracle's net profit in the second quarter was $2 billion 30 million, or 48 cents per share, compared with $2 billion 200 million in the same period last year and $51 in earnings per share.

Without a one-time item, Oracle's earnings per share in the second quarter were 61 cents, 1 cents higher than analysts' average expectations.

Oracle says that if it is not the strength of the US dollar and the unforeseen exchange rate loss of Egypt's currency, the company's earnings per share will increase by 2 cents in the second quarter.

According to the world clothing and shoe net, recently, Oracle spokeswoman Deborah Hellinger (Deborah Hellinger) said on Thursday that the joint Safra CEO Catz Safra would become a member of the Executive Committee of candidate Trump's pitional team, but she would still retain her original post.

Katz is one of the top tech companies who met Trump this week.

She said the reason for attending the meeting is that if Trump reforms tax laws, achieves better trade agreements and reduces regulation, her industry will become better.

In addition to Katz, IBM Virginia (Virginia Rometty), chief executive Kalanick (Travis Kalanick), and musk, many other technology companies have joined Trump's team.

More financial attention, please pay attention to the world.

Shoes and hat nets.