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1Z0-408 - Oracle Fusion Financials: General Ledger 2014 - BrainDump Information

Vendor Name : Oracle
Exam Code : 1Z0-408
Exam Name : Oracle Fusion Financials: General Ledger 2014
Questions and Answers : 76 Q & A
Updated On : September 21, 2018
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1Z0-408 exam Dumps Source : Oracle Fusion Financials: General Ledger 2014

Test Code : 1Z0-408
Test Name : Oracle Fusion Financials: General Ledger 2014
Vendor Name : Oracle
Q&A : 76 Real Questions

Oracle Fusion Financials: General

Oracle business enterprise (ORCL) CEO Safra Catz and Mark Hurd on Q1 2019 effects - income name Transcript | killexams.com Real Questions and Pass4sure dumps

No outcomes found, are trying new key phrase!good afternoon, each person, and welcome to Oracle’s first quarter fiscal year 2019 income convention call. a replica of the clicking unlock and financial ... with over 20,000 Fusion and NetSuite ...

Oracle (ORCL) Q1 2019 salary conference call Transcript | killexams.com Real Questions and Pass4sure dumps

photo supply: The Motley fool.

Oracle (NYSE: ORCL)Q1 2019 earnings convention CallSep. 17, 2018 5:00 p.m. ET

Welcome to Oracle's first-quarter 2019 income conference call. Now i might like to turn latest name over to Ken Bond, senior vice president.

thanks, Victoria. first rate afternoon, every person, and welcome to Oracle's first-quarter fiscal yr 2019 earnings convention call. a duplicate of the click liberate and economic tables, which comprises a GAAP-to-non-GAAP reconciliation and other fiscal tips, may also be viewed and downloaded from our Investor members of the family web site. On the name these days are Chairman and Chief know-how Officer Larry Ellison and CEOs Safra Catz and Mark Hurd.

As a reminder, today's dialogue will encompass forward-searching statements, including predictions, expectations, estimates, or other assistance that can be regarded forward-looking. all through modern dialogue, we can present some vital elements concerning our company which may affect these ahead-searching statements. These forward-looking statements are also area to hazards and uncertainties that may cause genuine outcomes to vary materially from statements made today. subsequently, we warning you from putting undue reliance on these ahead-looking statements and we encourage you to review our most fresh studies, including our 10-k and 10-Q and any applicable amendments for an entire dialogue of these elements and different risks that may additionally affect our future outcomes or the market cost of our stock.

and eventually, we don't seem to be obligating ourselves to revise our results or publicly liberate any revisions to those forward-looking statements in gentle of latest assistance or future hobbies. earlier than taking questions, we'll start with a few organized remarks. And with that, i'd want to turn the name over to Safra.

Thanks, Ken. first rate afternoon, everyone. i could first go over Q1 earlier than moving on to my tips. i may then flip the call over to Larry and Mark for his or her feedback.

as soon as once more, we had an additional solid quarter. regular-foreign money salary increase was slightly above the midpoint of my counsel, and profits per share turned into $0.03 above the midpoint of my suggestions. As in prior quarters, i'll evaluate our non-GAAP results the use of steady-dollar boom prices as a result of that's how we additionally seem at the business. complete cloud features and license help revenues for the quarter had been $6.6 billion, up 4% in consistent currency.

This accounted for 72% of total business earnings, and the bulk of it is recurring revenues. when it comes to ecosystems, GAAP applications complete revenues had been $2.eight billion, up 7% and GAAP platform and infrastructure complete revenues had been $four.7 billion, up 2%. Drilling in a bit. complete cloud revenues grew in all regions, and when it comes to product classes, ERP -- ERP grew in the 30-plus percent; verticals grew in the 40-plus p.c; and public cloud PaaS and IaaS grew in the 20-plus %.

Mark will have plenty more aspect when he speaks. total revenues for the quarter have been $9.2 billion, up 2% from last 12 months. Non-GAAP operating revenue was $3.eight billion, up 3% from last yr, and the operating margin was forty one%, same as closing 12 months. The non-GAAP tax price for the quarter was 19.1%, a bit below our base expense of 20%.

And our non-GAAP EPS was $0.seventy one in U.S. bucks and up 19% in constant forex. The GAAP tax price turned into 10.8%, and GAAP EPS become $0.fifty seven in U.S. greenbacks and up sixteen% in consistent currency.

working cash flow over the closing 4 quarters became a record $15.5 billion. Over the same 4 quarters, capital bills were $1.6 billion [Audio gap] billion, of which approximately 64% will be identified as income over the next 365 days. We continue to be committed to growing price for our shareholders through inside investments and focused acquisitions as well as with inventory repurchases and dividends. This quarter, we repurchased 212 million shares for a total of $10 billion.

Over the remaining 365 days, we've repurchased 440 million shares and decreased absolutely the shares outstanding via over 8.5% whereas becoming free cash flow 10%. The board of administrators increased the authorization for share repurchases by using an further $12 billion and once more declared a quarterly dividend of $0.19 per share. Now earlier than i am going to suggestions, a short touch upon ASC 606, which we adopted this quarter. The estimated $86 million effect to Q1 of final yr FY '18 revenues, which we had posted on our site ultimate quarter, ended up being $83 million instead of $86 million, so truly about correct.

Turning to forex. trade charges have moved from a 1% headwind to now being a 2% headwind to salary and a $0.01 to $0.02 headwind to salary per share, counting on rounding. Now i am not certain what it can be by way of the conclusion of this quarter, so with that, the suggestions. total revenues are anticipated to grow from zero to 2% in steady forex as a result of we've a tricky assessment with closing 12 months's earnings, particularly license.

I expect 2d-half salary boom could be better. also, we remain committed to offering a better income boom cost for all of fiscal 12 months 2019 when compared to that of last fiscal 12 months. Assuming latest alternate charges, non-GAAP EPS for Q2 in USD is anticipated to develop between eleven% to fifteen% and be between $0.77 and $0.seventy nine. And non-GAAP EPS in steady foreign money is anticipated to grow between 12% to 16% and be between $0.seventy eight and $0.80.

once once more, we expect to carry double-digit non-GAAP EPS boom for fiscal-year 2019. My EPS assistance assumes a base tax price of 20%. however, one-time tax pursuits may cause genuine tax quotes for any given quarter to vary from our base expense, but I are expecting that in normalizing for these one-time tax routine, our tax expense will ordinary around 20% for fiscal-12 months 2019. And with that, i'll flip it over to Larry for his feedback.

Larry Ellison -- Chairman and Chief technology Officer

good enough. Thanks, Safra. All correct. Oracle has two strategic products so that it will investigate our future.

Our cloud ERP product is a strategic key to our success within the SaaS functions layer of the cloud. And our autonomous cloud database is the strategic key to our success in the IaaS or infrastructure layer of the cloud. Oracle is already No. 1 in ERP cloud market share with over 20,000 Fusion and NetSuite valued clientele.

valued clientele are purchasing Fusion ERP to change their present SAP on-premise ERP methods, and consumers are purchasing Fusion ERP to substitute their current Workday cloud ERP programs. ERP is the biggest phase in the utility business. carrying on with our swift boom in cloud -- in the cloud ERP market places Oracle well on its way to becoming the realm's biggest SaaS purposes business. it truly is our method and existing market position in the SaaS layer of the cloud.

within the IaaS or infrastructure layer of the cloud, we've the world's most widely wide-spread and technically most superior database, the Oracle autonomous Database. The Oracle Database is so lots greater than different databases. Even our largest opponents use it to run their corporations. Salesforce.com makes use of Oracle to run their sales automation cloud.

SAP makes use of the Oracle Database to run their cloud features and just about all their on-premise purchasers. Even Amazon uses the Oracle Database to run most of their business. Now that the Oracle autonomous Database is working in our 2nd-technology naked-metal cloud infrastructure, valued clientele can each reduce their labor charge and cut their Amazon invoice in half by working the Oracle Database on Oracle Cloud Infrastructure. The Oracle self sustaining Database automatically patches itself while running to steer clear of statistics theft.

No different database can try this. We feel these are compelling advantages with the Amazon infrastructure business. We suppose these compelling advantages will permit us to compete very quite simply against Amazon within the infrastructure enterprise. today, we may well be in the back of Amazon in infrastructure market share, but we are approach forward of Amazon in cloud infrastructure expertise.

We suppose a good way to permit us to benefit market share in infrastructure within the cloud very, very rapidly. i'll flip it -- with that, i could turn it over to Mark Hurd.

Mark Hurd -- Co-Chief government Officer

Thanks, Larry. i may give you just a few numbers and then a number of wins in the quarter. First, our apps ecosystem. 91% of our trailing 12-months salary is now habitual in apps ecosystem, with GAAP apps ecosystem now more desirable than $11 billion in trailing 12-months income, up 7% within the quarter.

We're turning out to be sooner than market with, as Larry outlined, enormous chance forward of us. practically two-thirds of purposes help income for Oracle as ERP or HCM with most on-premise shoppers at a extremely early stage of relocating these back-workplace apps to the cloud. I do are expecting our apps ecosystem to grow roughly double digits for this yr. In SaaS, Safra mentioned a number of numbers.

Let me provide you with a few extra. universal ERP and HCM now annualized profits is more suitable than $2.5 billion. Fusion ERP was up 40% in profits organically. NetSuite ERP had a impressive quarter.

profits is at -- I suppose we now have outlined through old calls the momentum we've got been seeing in NetSuite. We had been up 26% in salary, and bookings were essentially up 40%, 39% in the quarter. That follows on a bookings increase that changed into improved than, name it, roughly 70% for NetSuite in this autumn. Our verticals had been up forty one%, and annualized revenue is now $800 million.

Our tech ecosystem in GAAP is now greater than $21 billion on trailing-12-months foundation and Q1 turned into up 2%. bring your own license continues to operate neatly as each Q1 database new license and guide revenue were up mid-single digits. Now i'm going to shift to talking about just a few customer wins within the quarter. i go to are attempting to hold it to a few.

however I need to offer you a flavor for one of the vital wins that we now have -- on accurate of what we did in this autumn, what we did in Q1. we are going to talk first about ERP and what we did in that category. First, Academy sports, a pleasant win for us in North the us; Airbnb, they bought ERP, and Larry outlined, here's actually a replacement of Workday Financials at Airbnb. TOMS, they are a retailer, very first-rate win for us.

They also purchased not just ERP but purchased HCM in addition to a equipment returned-workplace deal within the quarter. Legg Mason, many of you can also understand, is an funding guide. Legg Mason bought ERP in the quarter. That also changed into a alternative of Workday Financials.

i'll talk a bit bit about a company referred to as Federal specific. FedEx is -- within the FedEx facet of the condo, a normal Oracle person. They purchased a corporation referred to as TNT in Europe that became an SAP person, and they're now going to standardize all of their ERP on Oracle Fusion ERP. moreover that, they bought payroll from us in the quarter.

They take place to be a Workday HCM consumer however bought payroll from Oracle. here's one of the vital extra tremendous transactions we have now had over a course of a couple of enormous transactions but a extremely strategic and important one with the alternative of SAP as a mixture of a migration of an present Oracle customer. a couple of different customers: city of Sunnyvale; fairness bank in Europe; the Federal domestic mortgage personal loan employer purchased ERP. and that i'm nevertheless on ERP simply to be clear.

Highmark fitness; Noble service provider, undoubtedly a big oil and gasoline driller, $4 billion, $5 billion company, first-class win for us within the quarter; Santander, client part of their enterprise is going to Oracle ERP; Saudi Telecom, yet another mixture ERP, HCM customer within the quarter; the state of Nebraska; TIAA, an additional funding firm, once more, one more ERP win within the quarter. talk a little bit about HCM. VITAS Hospice Healthcare purchased additionally somewhat of ERP in the quarter, a relatively colossal HCM transaction for us within the quarter; Canon, that a lot of you'll also recognize; Allnex Manufacturing enterprise in Europe; Fortive, a major customer, HCM win; the govt of Saskatchewan. Marriott, one of the most greatest HCM transactions that now we have ever taken down, we took down in the quarter as neatly.

i assumed i would mentioned, on the same time, another returned-workplace class this is becoming greater significant for us, which is provide chain management. Our HCM product has been out now in a long time. The number of customers now, once again, colossal prospect clinical healthcare enterprise: Rotary foreign; Academy sports again, as that you can see, a portfolio deal for us in Europe within the quarter; Beckman Coulter, a $6 billion company going to Oracle deliver chain management in the cloud; metropolis of Sunnyvale, which i discussed past; Noble energy, which you noticed me mention previous; Zebra technologies, which i mentioned past. So once again, colossal volume as which you can inform within the back office.

once you win in ERP financials, the chance to have interaction HCM in supply chain management is big. i assumed i'd within sight simply mentioning a couple of infrastructure wins within the quarter, and these are both infrastructure and PaaS wins: AIG, Emerson electric, Hermes Parcelnet, Nuance Communications, network Rail, Reliance common existence coverage enterprise, Swiss Re, Toronto Dominion, regular Industries. and that i concept i might additionally point out a couple of ISVs. I historically don't focus on ISVs as much, but in the quarter, fairly gigantic ISVs: FICO, Seiko, and HighJump.

HighJump's the main issuer of give chain software management and warehouse knowledge and a few of the -- they may be the usage of our platform and our cloud to deliver their purposes into the market. Seiko is an e-commerce payments platform. FICO is a number one analytics utility enterprise within the form of personalization space. All can be the usage of the Oracle PaaS platform because the base through which they usher in the software to market.

With that, i could close by just saying, listen, our pipeline, as that you can tell via these -- i am hoping which you could inform with the aid of these wins, our SaaS pipeline is at a record level and to Larry's point, led through both ERP. and that's not simply Fusion now but the NetSuite growth is cloth and important. Our pipeline in PaaS is also at the highest level or not it's been. And it changed into, overall, an effective quarter for us.

looking forward to Safra's aspect previous, we do expect profits boom in the second half to be better than final 12 months and EPS will develop double digits for the 12 months. With that, i could supply it returned to Ken, after which we are going to take your questions.

Ken Bond -- Senior vp

Thanks, Mark. Victoria, if you would please start the audience on the questions. we will go forward and get begun with the Q&A component of the name.

Questions and solutions:

Operator

yes, sir. [Operator instructions] Our first question comes from Kirk Materne with Evercore ISI.

Kirk Materne -- Evercore ISI -- Analyst

Thanks very a lot. I just have a question for Mark related to the functions enterprise. without doubt, you spent a lot of time outlining one of the wins this quarter. can you just unpack might be a bit bit extra of your self belief in terms of the business heading into the rest of the 12 months? i am just sort of curious how a good deal of that comes from might be some of your current clients filing, relocating onto the cloud when it comes to ERP and maybe HCM areas and just your self assurance that the growth in NetSuite you noticed this quarter is sustainable as we go ahead from here.

Thanks.

Mark Hurd -- Co-Chief executive Officer

Thanks, Kirk. I just don't know what phrases i can use to get -- to demonstrate more self belief in the apps company than what I've accomplished. I believe the NetSuite performance is type of, Kirk, the style i might describe it, is form of the better of NetSuite and the best of Oracle mixed. we have now -- now we have had large -- I think the management group in NetSuite has executed a good job.

Our attrition is down. we've also been capable of complement the NetSuite earnings company with our average recruiting, our usual college hires. and admittedly, they've carried out a good looking job of incubating them, absorbing them and getting them productive. They likely would not have finished it as a public company because of brief-time period quarterly income-per-share requirements.

We invested in them. I feel I've outlined that earlier than, each in R&D and in revenue. And to be very blunt with you, it be paid off. In q4, bookings numbers had been marvelous.

it really is translated to Q1 profits boom. Their Q1 bookings have been a bit bit ahead of the plan that I've had for them. And so once again, if you have this variety of bookings growth back to back, we can fairly plenty predict, not perfectly but pretty close to what the annual earnings goes to be, and that i predict that, as I mentioned, I consider in the q4 name, they'll accelerate their income boom from remaining yr to this year, and it's going to be pretty cloth, call it, 7, 8, 9, 10 points of increase price. i'm speaking concerning the boom comparisons yr over yr.

in the average Oracle business, within the Fusion enterprise, I do not know what extra i will be able to do to read you this checklist of purchasers. I suggest, here is only a vast set of shoppers across regions. And now that we're bringing on both give chain, as I've tried to point out and outline a few supply chain wins, supplemented by now the maturation in our manufacturing -- the outstanding information about this enterprise is most of the people we compete with aren't in a good position to convey their shoppers to the cloud. if you will, i'm asserting now, Kirk, the average ERP on-premise vendors.

So our HCM enterprise, I noted. So my self assurance stage on the apps ecosystem is pretty excessive. 91% of our revenues, as i discussed, is habitual. So our skill to foretell our pipeline, our conversion quotes are quite excessive.

The morale of our team -- pay attention, let me lay -- end it this fashion. Our team here at Oracle believes their fate is to win each deal. it is how they consider -- they consider that we're ready, from a know-how standpoint, to be competent to win nearly every deal, and that's the reason the attitude we go into with this. it be an extended reply to tell you, self belief on my facet is in reality excessive.

It indicates up in our pipeline and our effects. subsequent query, please.

Operator

Our next question comes from Sarah Hindlian with Macquarie.

Sarah Hindlian -- Macquarie research -- Analyst

hello. splendid. thanks so a lot. Mark, Kirk requested in regards to the apps ecosystem, and also you're clearly bullish on that.

however can you confer with us a bit bit about one of the most bookings trends you're seeing within the usual tech ecosystem? after which as a observe-up, Mark, i would in reality appreciate it in case you might let me recognize what's occurring with Thomas Kurian and provide us with some sort of an update. that could be significantly favored.

Mark Hurd -- Co-Chief government Officer

I obtained the second query. I think the first query become bookings trend.

Sarah Hindlian -- Macquarie analysis -- Analyst

it's definitely around cloud bookings.

Mark Hurd -- Co-Chief executive Officer

adequate. All right. I got it. First, i would say, we are trying to provide you with as plenty clarity as i will.

In our next-gen PaaS infrastructure business, we're talking about mid-20s sort of boom cost in bookings. Early days, to kind of Larry's element but very encouraging in terms of these kind of short-time period results we now have. for those who start seeing, as early symptoms, ISVs move, and that is the reason one of the most motives I outlined the ISVs, this is in reality respectable news as a result of ISVs are one of the most most discriminating -- or not it's form of like our GBUs. they are probably the greatest ISV i do know of.

And their exhilaration to stream to, what Larry's describing as our Oracle Cloud Infrastructure, is how quick can we get that completed. And now when you see different ISVs lining up, these are very powerful indications to us of our future as it pertains to OCI. and nobody can do what we are able to do with the Oracle Database on OCI that Larry already outlined -- already mentioned that. I suppose I've talked in regards to the SaaS bookings boom.

Our bookings average in cloud for the quarter accelerated on a price basis. The boom price accelerated. so that changed into, absolutely, an excellent indication for us of standard bookings increase. again, i'm attempting to focus here extra on the revenue, future is, I believe the finest indicator of where we're.

Bookings does -- was a fine description earlier than we had profits. And so what i am attempting to do now is keep you focused on in reality what the prize is as a result of if the bookings will translate to salary, they don't mean anything else to us. So we are going to try to get very focused on salary. That has a couple different elements to us, which is also our renewal quotes, making bound our renewal costs, we agree with, are carrying on with to enrich in case you delivery looking at our renewal fees as they go ahead.

So the mixture of bookings and renewals going up gives us a stronger revenue outlook. On Thomas Kurian, which I suppose was your question, Thomas is a superb man, works awful hard. he takes a damage, and we predict him lower back.

Sarah Hindlian -- Macquarie analysis -- Analyst

it really is very beneficial. Is there a timeline on when he'll be back? Or is it just some sort of over the next few months, some thing along these lines?

Mark Hurd -- Co-Chief executive Officer

well, i may stick to what I pointed out. he is taking a break. We expect to...

Sarah Hindlian -- Macquarie analysis -- Analyst

adequate. All right. thank you, Mark.

Operator

Our subsequent question comes from Brad Zelnick with credit Suisse.

Brad Zelnick -- credit score Suisse -- Analyst

Thanks very a whole lot. I've acquired one for Larry and a quick observe-up for Safra. Larry, with the introduction of independent Database, you could have committed to a extra accelerated innovation cycle. are you able to now have the subsequent primary database version 19c just across the nook? How do you envision the newer cadence impacting customer adoption patterns and in the end, the deciding to buy cycle?

Larry Ellison -- Chairman and Chief technology Officer

neatly, I feel individuals are relocating to the cloud infrastructure. once again, or not it's very early days. So there are two things which are going on. We're offering our know-how within the cloud earlier than making it obtainable on-premise as this allows us to -- it be less demanding to get our cloud product out and make it available to a huge variety of valued clientele for his or her -- for building of new applications, for the elevate and shift of latest applications.

So lots of our customers are now experimenting with a data warehouse right here. and there's now an OLTP equipment it truly is obtainable for -- with the self sufficient Database, and they're within the procedure now of making an attempt it within the cloud. And we've gotten lots of people that were very, very stunned. We had very high quality feedback.

I consider the strangest one for me turned into someone who's working Exadata on-premise, which is our -- which is, theoretically, the fastest gadget on which you may run the Oracle Database. They moved it to the Oracle self sustaining Database Cloud, which by the way, also runs on Exadata in the cloud, and that they acquired a five times efficiency raise. And it be with ease that the computer getting to know tuning for the independent Database is just more suitable than human beings, and they had been bowled over. And so now they are moving extra workloads to the Oracle Cloud.

I feel the proven fact that we can improve these items quicker will in reality increase the adoption rate. Albeit now we obtained to admit, these are relatively early days. we have tens of thousands of database customers. a whole lot -- tons of them are now relocating their first workload and experimenting with their first workloads in the cloud.

as soon as they get via that process, I consider we are going to have a really, very speedy migration of workloads from on-premise into the Oracle Cloud.

Mark Hurd -- Co-Chief govt Officer

just to add numbers to Larry's point, I suggest, in case you regarded on the quarter, I noted we've mid-single digits boom in database, license, and database assist. The real driver of that become the options that come together with independent Database. The multi-tenant active records safeguard at the lower back had been definitely the leading drivers of that boom.

Larry Ellison -- Chairman and Chief technology Officer

Yeah. i'd like to simply observe up on what Mark said. individuals are bringing their own database license to the cloud. So what we're seeing is that they wish to use self sustaining Database in the cloud.

independent database requires the multi-tenancy alternative, and it requires actual utility clustering alternative. and they're making an attempt it. They try it. they're getting exceptional efficiency.

they are getting excellent availability. They go lower back after which do a license deal the place they acquire the pieces which are lacking of multi-tenancy actual software Clusters, and then they carry their complete license from on-premise and stream it to the cloud. And we consider it's going to be the big majority of our cloud -- our database cloud shoppers are going to be taking their existing on-premise license, augmenting it with certain new aspects required for autonomous Database and then buying the infrastructure piece in the cloud whereas bringing their own license.

Brad Zelnick -- credit score Suisse -- Analyst

Thanks very an awful lot. Very advantageous color. And just right away for Safra. We proceed to peer you express a robust opinion on the price of your stock, buying again $10 billion worth of shares this quarter and the further authorization as well.

How should still we consider about the fee and tempo of buybacks versus different makes use of of money going ahead? Thanks.

Safra Catz -- Co-Chief executive Officer

We consider our inventory is an awesome purchase, so we're buying again. and i'm no longer going to inform you precisely how lots, however you can see I've got $20 billion in authorization, which i'll fritter away when i take advantage of it. but at these fees with our turning out to be cash flows, with our earnings growing to be like they are, it looks like a fantastic deal to purchase our stocks, so we're inserting our cash where our mouth is, frankly.

Brad Zelnick -- credit score Suisse -- Analyst

thank you.

Mark Hurd -- Co-Chief executive Officer

subsequent question, please.

Operator

Our subsequent question comes from the road of John DiFucci with Jefferies & company.

John DiFucci -- Jefferies -- Analyst

thanks. My question is for Safra. Safra, money flow grew final year for the first time in a number of years. So I wager, two questions on money movement.

One, this quarter, operating money movement changed into up modestly and free money flow turned into flat. turned into there the rest affecting cash circulate this quarter relative to a 12 months in the past? and then two -- i could let -- yeah, answer that first.

Safra Catz -- Co-Chief executive Officer

yes, so let's do that one by one. So by the way, working money stream changed into a record, ok, both latest twelve months and within the quarter. a few things that flow around that I have no idea, you wouldn't necessarily have visibility into, which is how much of a tax deduction we get when our employees undertaking their options. And compared to last year, there was a $300 million-plus change, so less of that.

furthermore, with decrease tax fees, you -- the value of it's lessen. So i think that you are going to see operating cash flows and money flows in common proceed to enhance as a result of our enterprise is transforming into now. And at anyone time, you may additionally see some seasonality within the working capital line but when we do, for instance, a tax fee or something like that. but other than that, you'll want to see an usual line moving into an upward route.

John DiFucci -- Jefferies -- Analyst

thanks, Safra. it is my 2nd query. so you answered it. Thanks an awful lot.

Safra Catz -- Co-Chief executive Officer

thank you.

Mark Hurd -- Co-Chief government Officer

subsequent question, please.

Operator

Our next query comes from the line of Heather Bellini with Goldman Sachs.

Heather Bellini -- Goldman Sachs -- Analyst

high-quality. thank you. I had a query, Safra, for you, given Mark had super comments to claim concerning the cloud business. but i wonder, is it protected to count on that the application aid earnings is carrying on with to develop? after which my follow-up question is additionally in case you may share any colour on developments that you've seen briefly-time period deferred profits in the quarter.

thank you.

Safra Catz -- Co-Chief executive Officer

good enough. So sure, make sure you count on that support is transforming into. Our base continues to grow. And so far as short-term deferred salary changed into, let's examine, about $10.35 billion, and the fact is that gross deferred -- gross deferred was up about 4%.

We netted down somewhat slightly in the quarter for uncollected invoices. So invoices that had been despatched out frequently for this fall bookings and things like that, which might be as yet uncollected, we internet down. other folks don't internet down. And so it's our brief-time period deferred profits, going high-quality.

Mark Hurd -- Co-Chief executive Officer

One issue on guide, Heather, notwithstanding, just to -- i know you know this but simply to be clear, there may be multiple things going on inside assist. Database support is transforming into. So it's transforming into rather nicely, and our renewal prices are inclining a little bit. so you understand they may be very high.

however this quarter, we in fact had a mild incline as we did in apps. however apps support profits is declining and should continue to decline if we do our job as a result of our job is to circulation them to the cloud, to circulate them to SaaS. And so if you happen to ask that question, I do not want to provide the inaccurate impact. If someone's hunting for each line of assist to develop, we're truly working towards that.

Heather Bellini -- Goldman Sachs -- Analyst

Yup. No, no, I just meant the net -- the internet of it, just like the database where you referred to or not it's transforming into reasonably properly. Apps is declining but the internet of it's that total...

Mark Hurd -- Co-Chief government Officer

That commentary's actual. I just are looking to be sure you comprehend that you simply're seeing an incline, that means that if you appeared basically at our renewal fees, and i'd like you to understand this, that our -- as a % of what we get canceled, extra of that cancellation, is moving to our cloud. So in fact our web cancellation rate is truly declining in apps as smartly, however the driver of it really is the flow to our cloud. so that -- I simply need to make certain we failed to leave you with the incorrect...

Heather Bellini -- Goldman Sachs -- Analyst

but then just to be clear, Mark, did you say that database guide connect cost is expanding?

Safra Catz -- Co-Chief executive Officer

connect expense is one hundred%. it's almost renewals in database. Database put in base continues to develop.

Mark Hurd -- Co-Chief govt Officer

profits growth.

Heather Bellini -- Goldman Sachs -- Analyst

thank you.

Mark Hurd -- Co-Chief govt Officer

subsequent question, please.

Operator

Our subsequent query comes from the line of Mark Moerdler with Sanford Bernstein.

Mark Moerdler -- Sanford Bernstein -- Analyst

thanks for taking my name. acquired a query for you. Cloud capabilities and license guide had been a bit of below what The road had anticipated. are you able to drill in, aid us superior remember, if you had weak point, where that weakness was? changed into it maintenance? changed into it PaaS? was it IaaS? turned into it SaaS? How should we feel about that? i would recognize.

Safra Catz -- Co-Chief govt Officer

smartly, I consider -- I suppose most of -- any kind of what pass over from the numbers you have got become that, definitely, there turned into definitely only a few currency change between once I gave my assistance and when -- and what it ended up being. So it changed into truly double the poor that i used to be expecting within the quarter.

Mark Hurd -- Co-Chief government Officer

i'd say -- so as to be very blunt with you, i'd say relative to Safra's point, when she gave the counsel, when we sat within the room, relative to that quantity on that line that you simply're talking about, Oracle's performance in Q1 beat that number.

Safra Catz -- Co-Chief executive Officer

Yeah.

Mark Hurd -- Co-Chief government Officer

Now the implication of currency all the way through the quarter moved on us from the time we mentioned it to the time we mentioned. So I do not -- once again, again to -- I have no idea what's in everybody's mannequin, but relative to our view, we did more desirable in that line than we did in line with our forecast at the start of the quarter.

Mark Moerdler -- Sanford Bernstein -- Analyst

perfect. I in fact I admire it. it truly is very advantageous

Mark Hurd -- Co-Chief govt Officer

All appropriate. subsequent question, please.

Operator

Our subsequent query comes from the road of Philip Winslow with Wells Fargo.

Philip Winslow -- Wells Fargo Securities -- Analyst

hello. Thanks, guys, for taking my query. Mark, you highlighted mid-single-digit growth in database license and support. only a competitive query for both you and Larry right here.

What are you seeing simply within the competitive environment, in database in certain, as a result of we undoubtedly get questions about NoSQL gamers and what asset and compliance skill there with some of them achieving that and cloud carriers as smartly reminiscent of Amazon with them announcing bringing RDS on-premise. So just aggressive ambiance there, that could be splendid.

Larry Ellison -- Chairman and Chief technology Officer

once more, we believe we now have a extremely, very big lead in technology. Now there is other -- there may be a reason you come to a decision to use a database it really is now not nearly as good. if you're committed to the Amazon Cloud and also you get a lot of stuff at the Amazon Cloud and Amazon sells Redshift or -- Amazon sells a couple of diverse databases, appropriate? Aurora is actually the MySQL database that we're responsible for. So americans don't -- americans say, adequate, i go to make use of something Amazon has within the cloud and there are -- a couple of americans that do this.

And that took place to us within the old technology where lots of people selected to use Microsoft database since the content is with no trouble obtainable with windows. So we do see that. We weren't -- we're no longer the simplest database around. youngsters, when it comes to know-how, in case you want the highest performance, if you want the optimum reliability, if you need the maximum protection, and in case you want the lowest charge, whether that efficiency translates into charge, the cause we're a great deal -- the Oracle Database is an awful lot cheaper than the Amazon database is because Amazon fees per minute.

We cost per minute. If we will do extra in a single minute -- twice as a lot in one minute than they can, we're half the cost. So we think whereas individuals will go to the Amazon Cloud and buy whatever thing is there as part of the Amazon infrastructure, any one who's definitely shopping for the top of the line database in terms of reliability, in terms of ease of use, when it comes to lowest cost, they are all going to take Oracle.

Mark Hurd -- Co-Chief executive Officer

yes. Phil, numerically, simply to -- and if you are turning out to be mid-single digits, you have half the market and the market's growing three, I don't know, we need to have won 1 point of share. So or not it's simply all of the aspects we focus on, I suggest, we just -- all these distinct names you outlined, and Larry talked in regards to the technical part, numerically, it's just challenging to dispute the facts that, over the past yr, two years rolling in quarters, you are just gaining share.

Philip Winslow -- Wells Fargo Securities -- Analyst

obtained it. Thanks, sir.

Mark Hurd -- Co-Chief govt Officer

thank you. next question, please.

Operator

Our last question comes from the road of Michael Turits with Raymond James.

Michael Turits -- Raymond James -- Analyst

howdy. Michael Turits. Mark, question for you on the vertical markets. How are they doing? and the way are you doing when it comes to relocating these vertical functions to cloud? and how do you are expecting that to impact the cloud boom rate?

Mark Hurd -- Co-Chief government Officer

smartly, I believe the vertical groups are continuing to make -- I made a remark in my script about their boom in SaaS being in excess of 40% for the quarter, so that is an excellent quantity. They've also now to the point where their SaaS enterprise is greater than their license enterprise. So in terms of the pivot from an applications viewpoint, they've carried out, I suppose, an excellent job. Their license business, inside that license enterprise, there is a further probability for us to do greater of internet hosting, in case you will, some of that business on our OCI cloud.

again, i discussed previous, they're about the largest ISV on the earth, from an applications viewpoint, and they're possibly the very best ISV verify case you could ever have for the functions running in OCI. and they're starting that move to OCI or, if you will, our next-era cloud infrastructure. And it's going fairly smartly. So if there's a combination of the SaaS increase, which is that 40%, as I described, and then the movement of a few of those functions to our OCI, if you will, form of a hosting part of the business, each are going smartly.

So our verticals are also turning out to be. Their license enterprise, incidentally, nevertheless makes it possible for us to develop and help our vertical corporations so universal, reasonably match. i'm hoping that helps.

Michael Turits -- Raymond James -- Analyst

extremely good. Thanks very a lot.

Ken Bond -- Senior vp

thanks, Mark. And a telephonic replay of this conference call may be purchasable for 24 hours. Dial-in suggestions can be present in the click release issued earlier today. Please call the Investor relations branch for any comply with-up questions on this call, and we look ahead to speaking with you.

thank you for becoming a member of us today. With that, i could flip the name lower back to Victoria for closing.

Operator

[Operator signoff]

duration: forty four minutes

name individuals:

Ken Bond -- Senior vp

Safra Catz -- Co-Chief executive Officer

Larry Ellison -- Chairman and Chief expertise Officer

Mark Hurd -- Co-Chief government Officer

Kirk Materne -- Evercore ISI -- Analyst

Sarah Hindlian -- Macquarie research -- Analyst

Brad Zelnick -- credit Suisse -- Analyst

John DiFucci -- Jefferies -- Analyst

Heather Bellini -- Goldman Sachs -- Analyst

Mark Moerdler -- Sanford Bernstein -- Analyst

Philip Winslow -- Wells Fargo Securities -- Analyst

Michael Turits -- Raymond James -- Analyst

greater ORCL evaluation

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greater From The Motley fool

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1Z0-408

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Port Authority vindicates commuters – variety of | killexams.com real questions and Pass4sure dumps

A George Washington Bridge toll lane. Port Authority officials admitted last week that the public hearing process for the 2011 toll increase was flawed.

A George Washington Bridge toll lane. Port Authority officers admitted final week that the public listening to procedure for the 2011 toll increase become mistaken.

ny a large admission to drivers become made after Wednesday’s Port Authority of big apple and New Jersey meeting ultimate Wednesday.

Drivers and route educate riders, who complained concerning the farce of dissimilar public hearings on the toll and fare increase, all held on the same summer season day in 2011, obtained an acknowledgment from company brass that the technique became incorrect.

govt Director Patrick Foye, who wasn’t in cost of the company in 2011, criticized the hearings, that have been held during the workday in out-of-the-manner Port Authority buildings that had been hard for commuters to find.

“I’m not defending the procedure of maintaining seven to eight conferences on the identical day in Port Authority garages,” Foye spoke of, responding to a media query. “It wasn’t carried out that way with different raises.”

Foye’s feedback are the first admission from an agency reliable that the toll enhance listening to procedure become unsuitable.

do you know there is an administration building for the Holland Tunnel? if you did, would you comprehend how to discover it? How about a building at Newark Airport handiest identified via a host. (trace: it was not terminals A, B, or C). I couldn’t discover that building. I did discover a Port Authority technical constructing in Jersey city the place one of the hearings turned into held. it is determined between the inbound and outbound lanes of the Holland Tunnel. very few standard commuters discovered it, which protected a man who rode a motorcycle there. The hearing room changed into filled with union members, a few of who made impassioned pleas for passage of the toll raises for the jobs they might deliver.

AAA of long island still has a lawsuit pending against the Port Authority, in the hunt for to roll again the toll raises. considered one of their arguments is that the general public hearing system became a sham.

As a lot of a beating as NJ Transit gets, the places and instances of its 2010 fare enhance hearings were in locations and every now and then effortless for common riders to attend, and never at a time deemed convenient for the bureaucrats operating the hearings. At one listening to at the Toms River Bus Terminal, commuters literally walked off buses, into the hearing room, pointed out their piece and went domestic. It also came about that way in lengthy branch and in Manalapan. That’s the style executive is meant to work.

The cynical amongst us would answer “So what? The fares went up anyway.” sure, however NJ Transit changed the scope of two prior fare increases and left the off-top discount intact unless it turned into resulted in 2010.

The listening to comments are a bit little bit of cold consolation to drivers and riders, in light of the information that the long-established draconian package of toll and fare raises turned into proposed, in order that Govs. Chris Christie and Andrew Cuomo could demand that the authority scale again the package, by means of phasing in the hikes as an alternative of taking the entire quantity immediately. although, Port Authority bridge and tunnel clients and course riders shouldn’t get their hopes up that these toll increases should be rolled back because the salary from them is being spent.

A $1.03-billion mission to exchange near 600 “suspender ropes,” which can be the individual steel cables conserving up the George Washington Bridge, is certainly one of them, Foye referred to. The Port Authoirty board accredited these contracts Wednesday.

“It’s being paid for with the toll raises from 2011,” Foye observed. “I’m not defending the process, however i'll take care of the outcome.”

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