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Oracle's server revenue dips 23 pc in 3Q13

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It is $671 million compared to $869 million during the same quarter a year ago

BANGALORE, INDIA: Oracle Corporation's server revenue dips by 23 per cent in 3Q13 to $671 million, compared to $869 million during the same quarter a year ago.

oracle
Source: Oracle

Oracle CEO Larry Ellison, while announcing the company's Q3 results, said that in March it will begin delivering servers based on its Sparc T5 microprocessor.

"This month we will begin deliveries of servers based on our new Sparc T5 microprocessor; the fastest microprocessor in the world. The new T5 servers can have up to eight microprocessors while our new M5 system can be configured with up to thirty-two microprocessors. The M5 runs the Oracle database 10 times faster than the M9000 it replaces," said Ellison.

Oracle's fiscal 2013 Q3 total revenues were down one per cent to $9.0 billion. Moreover, its new software licenses and cloud software subscriptions revenues were also down two per cent to $2.3 billion.

GAAP net income was unchanged at $2.5 billion, while non-GAAP net income was down one per cent to $3.1 billion. GAAP earnings per share were $0.52, up six per cent compared to last year while non-GAAP earnings per share were up five per cent to $0.65. GAAP operating cash flow on a trailing twelve-month basis was $13.7 billion.

"Our non-GAAP operating margin increased to a Q3 record of 47 per cent, and we expect it to reach an all-time high for the fiscal year," said Oracle president and CFO, Safra Catz. "Both operating cash flow and free cash flow were at record levels for a Q3, with operating cash flow of $13.7 billion over the last twelve months."

Software license updates and product support revenues were up seven per cent to $4.3 billion. GAAP operating income was up one per cent to $3.3 billion, and GAAP operating margin was 37 per cent. Non-GAAP operating income was down one per cent to $4.2 billion, and non-GAAP operating margin was 47 per cent.

The company's cloud software as a service revenue was up 11 1 per cent, trailing twelve month operating cash flow of $13.7 billion.

"The Oracle Cloud is the most robust and comprehensive cloud platform available with services at the infrastructure (IaaS), platform (PaaS) and application (SaaS) level," said Oracle president, Mark Hurd. "In Q3, our SaaS revenue alone grew well over 100 per cent as lots of new customers adopted our sales, service, marketing and human capital management applications in the Cloud."

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