Oracle +3.4%; Q3 2017 cloud performance headlines, dividend raised

|About: Oracle Corporation (ORCL)|By:, SA News Editor

Q3 2017 results – revenue $9.2B (+2.1% Y/Y, $60M below estimates), EPS $0.69 ($0.07 above estimates), operating income $3.9B (+3%), operating margin 43%, net income $2.9B (+6%), short-term deferred revenues $7.4B (+7%), trailing twelve-month operating cash flow $13.5B

Revenue highlights – cloud software as a service (SaaS) and platform as a service (PaaS) revenues $1B (+73%), total cloud revenues $1.2B (+62%), total cloud and on-premise software revenues $7.4B (+4%)

Other developments – Quarterly cash dividend of $0.19 declared (+27%) payable April 26 to shareholders of record April 12.

After hours – (NYSE:ORCL) $44.50

Press release / conference call / 8-K