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Oracle Corp. (NYSE: ORCL) released fiscal third quarter financial results after markets closed Thursday. The software giant said that it had $0.87 in earnings per share (EPS) and $9.6 billion in revenue, compared with consensus estimates that were calling for $0.84 in EPS and $9.59 billion in revenue. The same period from last year had $0.83 in EPS and $9.78 billion in revenue.

Cloud Services and License Support revenues increased 1% year over year to $6.7 billion, while Cloud License and On-Premise License revenues decreased 4% $1.3 billion. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were $7.9 billion, unchanged in USD and up 3% in constant currency.

Hardware revenues decreased 8% year over year to $915 million, while services revenue decreased 1% to $786 million.

Short-term deferred revenues were up 1% to $8.0 billion compared to a year ago. Operating Cash Flow was $14.8 billion during the trailing twelve months.

Oracle did not offer any guidance in the report. However, there are consensus estimates calling for $1.05 in EPS and $11.15 billion in revenue for the coming fiscal fourth quarter.

Safra Catz, Oracle CEO, commented:

I’m pleased with Q3 non-GAAP results as revenues grew 3%, operating income increased 5% and EPS grew 12% in constant currency. Our overall operating margin improved to 44% as our lower margin hardware business continued to get smaller while our higher margin cloud business continued to get bigger. With year-to-date non-GAAP EPS growth rate now at 16% in constant currency, we will comfortably deliver another year of double-digit EPS growth.

Shares of Oracle closed Thursday at $53.03, with a 52-week range of $42.40 to $53.47. The stock has a consensus analyst price target of $52.07. Following the announcement, the stock was up ever so slightly at $53.27 in the after-hours session.

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