Oracle has announced revenues of $9.3bn for the third quarter of its 2015 fiscal year, the same amount as last year. This generated income of $3.4bn.
Oracle said its overall revenues would have been up six percent if US currency fluctuations were discounted. "Once you normalise for exchange rates, it was a very strong growth quarter for us," said co-CEO Safra Catz.
The revenues were the result of a mixed bag of performances across the company. Oracle was keen to tout the fact that its cloud software-as-a-service (SaaS) and platform-as-a-service (PaaS) sales grew 30 percent to $372m.
This was also up on the $361m it sold in Q2 2015 and $337m in Q1 2015.
Oracle's other CEO, Mark Hurd, outlined the extent of this growth during a conference call, revealing some interesting figures showing the uptake of various services offered by Oracle - both software- and platform-based.
"We added 800 brand-new SaaS customers. Nearly 530 existing customers expanded their cloud services in the quarter; in HCM [human capital management], 220 new customers; in customer experience, 407 new customers; in ERP [enterprise resource planning], 160 new customers," he said.
"More than 400 new PaaS customers in the quarter. Bookings up 200 percent sequentially. Q4 in PaaS is going to be very big."
Despite the growth in cloud services, the bulk of the company’s income still comes from software sales, which accounted for almost $7bn of the company’s overall revenues.
Software updates and product support generated revenue of $4.7bn and new software licence revenue was $2bn.
However, hardware sales were down two percent to $1.3bn, although Oracle again blamed currency fluctuations, saying the value of sales would have been up five percent based on the same currency data from the year-ago quarter.
Despite the mixed results, Oracle founder, chairman and chief technology officer Larry Ellison was as bullish as ever, and upped the ante between Oracle and its rival Salesforce in the race to the cloud.
"Our cloud business is growing a lot faster than even I expected. Our cloud bookings are now growing at over 100 percent per year," he said on an earnings call.
"I now believe that Oracle will sell more new SaaS and PaaS business than Salesforce.com in this current calendar year, 2015. It's going to be close, but I think we're going to sell more in the cloud than they do this year.
"I suspect that might come as a big surprise to a lot of people out there. You won't have to wait very long to find out who's going to win this."
Oracle and Salesforce have a complicated relationship, with Salesforce CEO Marc Benioff originally working at Oracle and using Oracle's hardware to power much of its services to customers.
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