Oracle turns in a strong Q3 with time left over to debunk the so-called 'SaaSpocalypse'

No signs of the wretched ‘SaaSpocalypse’ as Oracle turned in a strong Q3. Revenue rose 18% year-on-year to $17.19 billion, with profit of $3.72 billion, up from $2.94 billion a year ago.

Total cloud revenue (IaaS plus SaaS) came in at $8.9 billion, up 44%, of which infrastructure revenue was up 84% to $4.9 billion, while SaaS revenue of $4.0 billion was up 13%. Within applications, Fusion Cloud ERP was up 17% to $1.1 billion, while NetSuite also generated $1.1 billion, up 14%.

On the post-results analyst call, Mike Sicilia, co-CEO, highlighted a number of key wins in the applications space in Q3:

Memorial Hermann Health System selected Fusion ERP, SCM and HCM. This was a win over Workday. University of New South Wales also selected Fusion ERP and HCM, also a win over Workday. Gregg Media selected Fusion EPM and ERP ...