Oracle co-CEO Mark Hurd image : Oracle

Oracle today announced its fiscal 2019 Q2 results reporting net income of $2.33 Billion, up 5% from last year and $9.6 billion revenue, unchanged from Q2 last year. A quarterly cash dividend of $0.19 per share of outstanding common stock will be paid for this period.

“Oracle’s two cloud ERP businesses, Fusion ERP and NetSuite ERP, delivered a combined revenue growth rate of 32% in Q2,” Oracle co-CEO Mark Hurd said. “With nearly 6,000 Fusion ERP customers and over 16,000 NetSuite ERP customers, Oracle is the clear leader in cloud ERP. ERP has always been the largest segment of the enterprise applications business, so we have lots of room to grow as customers migrate from their traditional on-premise ERP to the Oracle Fusion ERP Cloud.”

Oracle co-CEO Safra Catz image : Oracle

“In Q2, non-GAAP earnings per share grew 19% in constant currency,” co-CEO Safra Catz also added. “In addition to our strong EPS growth, free cash flow grew 10% to $13.8 billion over the previous twelve months. I am confident that we will continue to record strong EPS and free cash flow growth during the second half of this fiscal year.”

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