In June we had Oracle's end of year results, which showed a massive percentage growth in Cloud Revenues and also the announcement that Oracle ERP Cloud is a leader in the Gartner Magic Quadrant.
So the Q4 ended May 31, with total revenues rising 3 percent to $10.89 billion, pushed up by cloud-computing revenue, which surged 52 percent to $1.36 billion, representing a 13 percent of total revenue. New On-premise Software was down 1% and Hardware was also down 13%. Oracle shares rose as a result as they were better than market expectations.
Oracle Cloud ERP boosts Oracle SaaS revenues @oralicencepro #oracle licensing #fun #cloud #database
Oracle has a very strong set of Cloud ERP products, and this is resulting in very strong growth for SaaS and making up the backbone of the cloud revenues compared to Iaas and Paas. The Gartner Magic Quadrant for IaaS shows Oracle in a poor position in the bottom right quadrant with Amazon and Microsoft in the top right. The IaaS and PaaS offerings are still playing catchup with Amazon and Microsoft as Oracle lacks the maturity of these competitors. Luckily for Oracle though, they are the leader in the Magic Quadrant for Cloud Core Financial Management Suites for Midsize, large and Global Enterprises. The only contender anywhere near them is Workday with their Financials offering. Workday, better know for their SaaS HR solution is making good headway. Oracle and Workday are the only two in the top right Quadrant. Netsuite just sits on the border between top left and top right and is the only other 'rival'. Netsuite was acquired by Oracle in November 2016 and provides a Cloud Suite for the mid market. Oracle don't seem to have really exploited this acquisition with many Sales Reps pushing Financiasl Cloud rather than Netsuite. Oracle was smart in developing it's Fusion applications and moving to the SaaS some years ago. SAP still does not offer much competition in this space.
Oracle Corporation announced fiscal 2017 Q4 results and fiscal 2017 full year results. Comparing Q4 2017 to Q4 last year, SaaS (Software as a Service) cloud revenues were up 67% to $964 million, and non-GAAP SaaS revenues were up 75% to $1.0 billion. Cloud PaaS (Platform as a Service) plus IaaS (Infrastructure as a Service) revenues were up 40% to $397 million, and non-GAAP PaaS plus IaaS revenues were up 42% to $403 million. Total cloud revenues were up 58% to $1.4 billion, and non-GAAP total cloud revenues were up 64% to $1.4 billion. Cloud plus on-premise software revenues were up 5% to $8.9 billion, and non-GAAP cloud and on-premise software revenues were up 6% to $8.9 billion. Total revenues were up 3% to $10.9 billion.
I am sure with Oracle ERP Cloud being so strong in the Gartner Magic Quadrant, it will continue to support the strong growth for it's SaaS products. Also with the selection of Oracle ERP Cloud by very large enterprises such as Bank of America, it will continue to bolster sales. There is no doubt in my mind that Oracle Cloud ERP is a major contributor to the increased Cloud revenues that Oracle announced.