Oracle Corp. (NYSE: ORCL) released fiscal second-quarter financial results after markets closed Wednesday. The firm said that it had $0.90 in earnings per share (EPS) and $9.62 billion in revenue, compared with consensus estimates that called for $0.88 in EPS and $9.65 billion in revenue. The fiscal second quarter from last year had $0.80 in EPS and $9.6 billion in revenue.

Total quarterly revenues were slightly higher and up by 1% in constant currency compared to the same period last year. Cloud Services and License Support revenues totaled $6.8 billion, while Cloud License and On-Premise License revenues were $1.1 billion.

At the same time, short-term deferred revenues were $8.1 billion. Operating cash flow for the trailing twelve months was $13.8 billion.

The board of directors also declared a quarterly cash dividend of $0.24 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on January 9, with a payment date of January 23.

Safra Catz, Oracle CEO, commented:

We had another strong quarter in our Fusion and NetSuite cloud applications businesses with Fusion ERP revenues growing 37% and NetSuite ERP revenues growing 29%. This consistent rapid growth in the now multibillion dollar ERP segment of our cloud applications business has enabled Oracle to deliver a double-digit EPS growth rate year-after-year. I fully expect we will do that again this year.

Shares of Oracle closed at $56.47, with a 52-week range of $42.40 to $60.50. The consensus analyst price target is $56.27. Following the announcement, the stock is down about 2% at $55.40 in the after-hours session.

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