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SAP's cloud growth continues, adds 500 HANA customers in a quarter


Europe's largest software company SAP has reported gains in cloud software sales and said it is "navigating through" the uncertainty caused by the Brexit referendum in the UK. SAP said that cloud subscriptions and support revenue grew 30 percent year-over-year to 720m in its second financial quarter. New cloud bookings were up 28 percent to 255m. "The rapidly expanding cloud business together with solid growth in support revenue continued to drive the share of more predictable revenue," the company said, with cloud subscriptions and support, as well as software support, accounting for 63 percent of the company's total revenue in the second quarter of 2016. Total revenue stood at 5.2bn, of which cloud and software revenue was 4.36bn, an increase of seven percent, and operating profit was up 81 percent to 1.27bn.

Oracle shares up on cloud revenue gains

USATODAY - Tech Top Stories

The Oracle logo is displayed in front of the Oracle headquarters on June 19, 2014 in Redwood Shores, California. Oracle shares were on the rise Friday after the software giant reported higher-than-expected revenue in its fourth quarter. The Redwood City, Calif.-based enterprise software provider reported Q4 revenue of 10.59 billion after the markets closed Thursday, surpassing the 10.46 billion forecast by analysts polled by S&P Global Market Intelligence. Revenue for total cloud computing software and services rose were 49% in U.S. dollars to 859 million, compared to 576 million in the same March-May period a year ago. Net income of 2.81 billion, or 66 cents a share, fell short of analysts' expectations of 2.85 billion, or 68 cents, according to S&P.

OracleVoice: Hurd: Oracle Poised To Overtake In Cloud Revenue

Forbes - Tech

Securing its position as the "fastest-growing cloud company at scale," Oracle reported that its combined software-as-a-service (SaaS) and platform-as-a-service (PaaS) revenues rose 73% in its fiscal third quarter, to $1.0 billion. Its total cloud revenues, including infrastructure as a service (IaaS), increased 62%, to $1.2 billion. Oracle CEO Mark Hurd noted that the company's SaaS and PaaS revenues have grown more than three times faster than those of rival during the last year. "If these trends continue, where we are selling more SaaS and PaaS in absolute dollars AND growing dramatically faster, it's just a matter of when we catch and pass in total cloud revenue," Hurd said. While Oracle's SaaS and PaaS growth rates, at 73%, continue to be sizable, Oracle Executive Chairman and CTO Larry Ellison sees the fastest and most substantial growth ahead for Oracle's IaaS business, which includes compute, storage, and networking services.

Australian public cloud services revenue to hit AU$5b in 2017: Gartner


Public cloud services expenditure in Australia is predicted to reach AU$5 billion by the end of the year, a 17.1 percent increase from AU$4.3 billion in 2016, according to technology analyst firm Gartner. Software-as-a-service (SaaS) revenue is expected to rise 25.1 percent from AU$1.5 billion in 2016 to AU$1.9 billion in 2017, while platform-as-a-service (PaaS) revenue is forecast to reach AU$262 million, a 28.4 percent uplift from AU$204 million in 2016 to AU$262 million in 2017. Gartner expects a slighter increase of 14.5 percent in infrastructure-as-a-service revenue from AU$415 million last year to AU$475 million this year, while business process-as-a-service (BPaaS) will grow 6.5 percent year on year from AU$814 million to AU$867 million in Australia. Cloud management and security services revenue will similarly go up, reaching AU$814 million in 2017 compared to AU$867 million in 2016, which marks a 22.1 percent increase, according to Gartner. Cloud advertising expenditure is also expected to rise by 11.1 percent from AU$2.6 billion in 2016 to AU$2.9 billion in 2017.

Microsoft's Q3: Azure, commercial cloud strong, but earnings, revenue light


Microsoft's third quarter was light relative to expectations, but the company said Azure delivered strong results and its commercial cloud business is on a 10 billion annual revenue run rate. The company reported earnings of 3.8 billion, or 47 cents a share, for the third quarter on sales of 20.5 billion. Non-GAAP earnings for the third quarter were 62 cents a share on revenue of 22.1 billion, down 6 percent from a year ago. Wall Street was looking for third quarter earnings of 64 cents a share on revenue of 22.09 billion. Microsoft said that a 4 cents a share one-time tax payment resulted in the earnings miss.