Data Centre

Cloud

Oracle swallows sales spurt from one of its niche categories: Cloud

Lot of invoices to customers, still a small slice of database giant's biz

By Shaun Nichols in San Francisco

4 SHARE

Oracle topped analyst expectations and continued its push into the cloud computing space with another strong quarter.

Execs, talking to analysts on Thursday, were optimistic in the database and middleware titan's ability to continue to move from its massive on-prem empire to more cloud and service offerings. Just don't talk about hardware.

For the fiscal 2018 Q2 [PDF], ended November 30, Hurd n' Katz today reported:

"Our success in the quarter was based on the increasing scale and the gathering momentum in our cloud business," co-CEO Safra Katz said. "I expect the business to continue to grow and strengthen over the coming quarters.”

Co-CEO Mark Hurd also talked up Oracle's cloud prospects, noting that the biz still has one very large and mostly untapped market: its on-prem customer based.

"Most of what is in our revenue base did not come from our on-prem user base," Hurd said. "We are hopeful we will start to see a higher percentage of Oracle's user base moving."

Despite the big talk on cloud, however, shares in Oracle were down 6.5 per cent (at $46.88 apiece) in after-hours trading as analysts expected higher cloud returns. ®

Sign up to our NewsletterGet IT in your inbox daily

4 Comments

More from The Register

Oracle gets busy with Lazy FPU fix, adds more CPU Spectre-protectors

Oracle Linux and VM get their innoculations

Oracle Database 18: Now in downloadable Linux flavour

Oh, and Windows, but cool kids don't use that

Oracle puts release of new freebie mini-database on ice to work out kinks

Issues 'too severe' to launch this summer

Oracle cuts ribbon on distributed ledger service

Big Red brags bank backing for blockchain biz

Umm, Oracle – about that patch? It might not be very sticky ...

Security researcher says WebLogic fix can be bypassed, posts proof-of-concept

CIOs planning to snub Oracle for other cloudy vendors – analyst

Drop for Big Red shares as biz prepares to announce Q4 financial results

Salesforce takes leaf out of Oracle's book to forge little co-CEO bromance

Room for another ego at the top, Benioff?

Oracle tells court: Boss man Mark Hurd didn't have docs relevant to HPE spat over Solaris

If he did, HPE has to prove he deliberately deleted them

Oracle launches its very own 'net threat map

Pew! Pew! The whole world is connected, and the Internet is super-dangerous

Oracle's new Java SE subs: Code and support for $25/processor/month

Poll Prepare for audit after inevitable change, says Oracle licensing consultant