Financials

Oracle’s cloud growth sets the stage for Q1 fiscal results

Oracle Corporation announced significant quarterly revenue gains in its Q1 fiscal results in 2023. Cloud services and license support revenues were up 20 percent in constant currency to $8.4bn, while cloud and on-premises license revenues were up 19 percent in constant currency to $0.9bn.

Salesforce trims earnings and revenue expectations for 2023

Salesforce has announced results for Q2 2023 ended July 31, 2022, beating analysts’ expectations with revenue of $7.72bn, up 22 percent year-on-year, but falling short on guidance for the current quarter and the full fiscal year. The company reported subscription...

Sales boom for Snowflake in Q2

Snowflake has announced financial results for Q2 2023, ended July 31, 2022, topping estimates with an 83 percent year-on-year revenue increase to $497.2m. Product revenue for the quarter was $466.3m, also representing growth of 83 percent, whilst remaining performance obligations...

ServiceNow exceeds on Q2 earnings targets whilst revenues fall short

ServiceNow has reported financial results for Q2 ended June 30, 2022, showing subscription revenues of $1.65bn, representing 25 percent year‑on‑year growth. However, the company’s total revenues for Q2 were up 24 percent to $1.75bn, just falling short of the $1.76bn...

SAP up in the clouds for Q2, but profits fall

SAP has reported financial results for its Q2 2022 and half year ended 30 June 2022, revealing a 34 percent year-on-year increase in cloud revenue to €3.06bn, driven by growth across its SaaS and PaaS portfolio. SAP’s current cloud backlog...

Cloud boom drives strong Q4 for Oracle

Oracle has reported better-than-expected fiscal 2022 Q4 results, driven by a rise in demand in its infrastructure cloud business. Q4 cloud revenue was $2.9bn, up 19 percent in USD, while total quarterly revenues were up 5 percent year on year...

Cloud drives momentum for SAP in Q1

SAP has reported results for Q1 ended March 31 2022, revealing 31 percent growth in cloud revenue to €2.82bn. SAP’s current cloud backlog was up 28 percent to €9.73 billion, with the war in Ukraine reducing current cloud backlog growth at constant currencies by 0.8 percentage points.

Strong SAP results reveal record cloud performance

For the fourth quarter, the company saw rapid expansion of current cloud backlog to €9.45bn, up 32 percent. Driven by strong adoption of RISE with SAP, S/4HANA current cloud backlog is up 84 percent to €1.71bn, while cloud revenue increased by 28 percent to €2.61bn.

ServiceNow reports $1.4bn in subscription revenue

ServiceNow has announced financial results for Q3 ended 30 September 2021, revealing a 31 percent year-on-year increase in subscription revenue to $1.4bn.

SAP Q3 boosted by cloud

has announced strong financial results for Q3 ended 30 September 2021, showing a 20 percent year-on-year rise in cloud revenue to €2.39bn and a surge in RISE with SAP adoption.