Redwood City, California-based Oracle Corp. (NASDAQ: ORCL – $42.87) announced that third quarter fiscal 2015 total revenues were unchanged at $9.3 billion. The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Without this effect, revenues would have been up 6% as measured in constant currency. Software and Cloud Revenues were up 1% to $7.2 billion, and up 7% in constant currency. Cloud software-as-a-service (SaaS) and platform-as-a-service (PaaS) grew 30% to $372 million, and grew 34% in constant currency. Hardware Systems Revenues were down 2% to $1.3 billion, but were up 5% in constant currency. Adjusted net income per share was $0.68, unchanged from last year and a penny below Street estimates. Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share, reflecting a 25% increase over the current quarterly dividend of $0.12. I believe Oracle is committed to focus on the transition to cloud computing architecture and is always on the lookout for bolt-on acquisitions. The shares are a core holding in a conservative account.