Tags: Results

Oracle smashes cloud targets with more to come

Oracle announced earnings above expectations in its Q2 results. Total revenues were up 6.6% to $9.6 billion. Cloud SaaS revenues were up 55% alone to $1.1 billion and cloud PaaS revenue up 21% to $396 million. Even on-premises software revenues were up 9% to $7.7 billion. The latter showing a strength in the loyalty of…

Infor continues to perform in cloud

Infor announced its Q2 2018 results this week. It is successfully continuing its transition from a legacy on-premises software provider to a cloud based model. It now receives more that 64% of its license revenues from cloud bases subscriptions. Overall its total revenues grew 7.3% year on year. While traditional perpetual license revenue fell by…

Has Sage really completed its transformation?

Sage issued its full year 2017 results in with Stephen Kelly, CEO and Steve Hare, CFO looking back at a job well done. Kelly commented “I am pleased to confirm that the transformation we outlined in and out in FY15 is now complete.” (Source: Seekingalpha.com) The results are good. Organic revenue hit £1,696 million, up…

Rimini begins public results

Rimini Street announced its first set of results since the completion of its merger with GPIAC. That has led to its listing on NASDAQ. It has continued its upward trajectory on both revenues and growth this quarter, the 47th consecutive quarter of revenue growth. Quarterly revenue was up 32% year on year at $53.6 million (2016:$40.7m).  Gross…

Ramco continues steady growth

Ramco Systems issued another quarter of steady if unspectacular growth for its second quarter 2017 ending September 30th. Its revenues grew by 5% quarter on quarter to US$18.34m (Q1: US$17.55m). It also returned to profit this quarter turning in US$1.01m profit compared to the US$0.47m loss last quarter. So are these results good The short…

Workday continues rise after results

Workday announced slightly better than expected results in their Q2 2018 earnings release and improved their forecast for the year. Workday growth is impressively high, total revenues reached $525 million which was a YoY growth of 41%. This is supported by a similar growth of subscription revenues at $435 million, an increase of 42% YoY.…

Salesforce soars

Salesforce beat expectations in its Q2 results announcements and projected it would smash through the £10 billion run rate. The guidance for the full year rose by $100 million to $10.35Bn – $10.40Bn. Marc Benioff was jubilant that he had won the race to $10Bn. He commented: “Salesforce is the first enterprise cloud software company…

Ramco shows modest growth

Ramco has announced its first quarter results and they show modest growth. Total revenues were US$17.17 million up year on year from US$16.49 million up 4.12%.  This compares to the US HCM firm Ultimate who returned an increase of 20% in their recent results. The results show a small loss US$0.46 million. However, these results…