Oracle Corporation (NYSE:ORCL) reported stronger-than-expected results for its second quarter on Monday.
The company announced fiscal 2019 Q2 results. Total Revenues were unchanged at $9.6 billion and up 2% in constant currency, compared to Q2 last year. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 1% to $7.9 billion.
Cloud Services and License Support revenues were $6.6 billion, while Cloud License and On-Premise License revenues were $1.2 billion.
GAAP Operating Income was up 2% to $3.1 billion and GAAP Operating Margin was 32%. Non-GAAP Operating Income was down 2% to $4.1 billion and non-GAAP Operating Margin was 43%. GAAP Net Income was up 5% to $2.3 billion and non-GAAP Net Income was up 3% to $3.1 billion. GAAP Earnings Per Share was up 18% to $0.61 while non-GAAP Earnings Per Share was up 16% to $0.80.
Without the strengthening of the U.S. dollar compared to foreign currencies, Oracle's reported GAAP and non-GAAP Total Revenues would have been approximately $140 million higher, and Earnings Per Share would have been 2 cents higher in comparison to as reported amounts for fiscal 2019 Q2.
"In Q2, non-GAAP earnings per share grew 19% in constant currency," said Oracle CEO Safra Catz. "In addition to our strong EPS growth, free cash flow grew 10% to $13.8 billion over the previous 12 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."
Oracle shares hiked $1.76, or 3.9%, to $47.49
