Ellison in absentia as Oracle's new triumvirate releases strong full year numbers with apps and infrastructure growth
There was a definite ‘new world order’ vibe about Oracle’s latest earnings call last night with Larry Ellison nowhere to be seen as co-CEOs Mike Sicilia and Clay Magouyrk took full charge of the proceedings.
It was a solid set of numbers they were there to discuss. Q4 total revenue came in at $19.2 billion, up 21% year-on-year, while net income was $4.3 billion, up 26% from $3.4 billion. For the full year, revenue was $67.4 billion, up 17% year-on-year, with net income of $17.1 billion, up 37%.
Breaking those numbers down, Q4 total cloud revenue $9.9 billion, up 47% year-on-year, with 93% growth in Cloud Infrastructure (IaaS) to $5.8 billion, and 10% growth in Cloud Applications (SaaS) to hit $4.1 billion. Full year total cloud revenue was $34.0 billion, up 39%, made up of Cloud Infrastructure (IaaS) revenue of $18.1 billion, up 77%, and Cloud Apps (SaaS) revenue of...
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