Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Cloud license and on-premise license revenues were $5.1 billion. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Dec 10 (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. We'll focus on those five big vendors and their prospects. Alibaba. Other names may be trademarks of their respective owners. (6) Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation, legal requirements or industry standards relating to consumer privacy and data protection. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 1424537. REGISTRATION CLOSED : … Profit, excluding some items, was $1.06 a share, beating estimates by 6 cents. This dividend will be paid to stockholders of record as of the close of business on July 15, 2020, with a payment date of July 28, 2020. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. Analyst's were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. Manage my certifications. “Exadata Cloud@Customer now enables our existing on-premise database customers to run the Oracle Autonomous Database in their own datacenter; previously, the Oracle Autonomous Database was only available in Oracle’s Gen2 Public Cloud. Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. Individuals earning this certification can configure Revenue Management Cloud services, implement Revenue Management Cloud, set up Revenue … Such gains would keep Oracle on track to post three consecutive quarters of sales growth after two fiscal years of declining revenue. GAAP earnings per share was $0.99, while non-GAAP earnings per share was up 3% YoY to $1.20. All information set forth in this press release is current as of June 16, 2020. In addition, the report stresses on major challenges as well as the latest growth strategies implemented by significant playe That metric includes sales from hosting customers’ data in the cloud, but a large portion is generated by maintenance fees for traditional software kept on clients’ corporate servers. Q4 GAAP operating income was up 1% YoY to $4.3 billion, and GAAP operating margin was 41%. Musk Inquires About Moving ‘Large Transactions’ to Bitcoin. Executives didn’t provide an update on the proposal Thursday. Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? Cloud services and license support revenues were $6.8 billion, up … (4) We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings. Best Value Unlimited Cloud Learning Subscription. Try one of the popular searches shown below. (Bloomberg) -- Oracle Corp. gave a better-than-expected forecast for quarterly revenue, in a sign of improving demand for the software giant’s cloud computing technology after … Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. (8) Our international sales and operations subject us to additional risks that can adversely affect our operating results. Before it's here, it's on the Bloomberg Terminal. “Snowflake is a decent product, a good product, I think, and it’s just killing RedShift over at Amazon,” he said. We suggest you try the following to help find what you’re looking for: Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Revenue will climb 2% to 4%, an estimated $10 billion to $10.4 billion, in the period that ends in February, Chief Executive Officer Safra Catz said Thursday in a conference call. Check the spelling of your keyword search. “In Q4, non-GAAP earnings per share grew 5% in constant currency driven by strong performances in both our cloud infrastructure and cloud applications businesses,” said Oracle CEO, Safra Catz. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. The board of directors declared a quarterly cash dividend of $0.24 per share of outstanding common stock. ... 2020 Silicon Valley Structures . Cloud license and on-premise license revenue fell 3 percent to $1.09 billion, hardware revenue fell 3 percent to $844 million, and services revenue fell 7 percent to $752 million. And then there may be a dose of Workday as well as Adobe. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Quick... Apple Shuts Stores in California and London as Covid Surges, At Least 200 Victims Identified in Suspected Russian Hacking, U.K. Says Virus Strain Afflicting London Spreads More Easily. Oracle Cloud Infrastructure revenue from Zoom, for example, more than doubled between May and August. Cloud license and on-premise license revenues were $2.0 billion. Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding the rate of adoption of our Autonomous Database, are "forward-looking statements" and are subject to material risks and uncertainties. (2) Our success depends upon our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion … Enterprise Cloud infrastructure and applications technology provider Oracle Corporation reported fiscal Q2-2020 financial performance for the period ending November 30 this week and the tone of Oracle’s senior executives was rather upbeat.. Analysts, on average, projected $9.94 billion, according to data compiled by Bloomberg. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Oracle Learning Subscriptions | Learn Oracle from Oracle. Have a confidential tip for our reporters? (9) Acquisitions present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of a transaction. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Ellison said demand from large clients for Oracle’s infrastructure cloud services outstripped supply in the last quarter, so the company is scurrying to expand data centers. GAAP earnings per share increased 4% to $3.08, while non-GAAP earnings per share was up 9% to $3.85. Owning a 7.7% public cloud market share according to Gartner, Alibaba has annual revenues of $2.49 billion, and … Oracle’s fourth-quarter cloud services and license support revenue came to $6.8 billion, up 1% from a year ago. Oracle's revenue in its largest category of sales, Cloud services and license support, rose 4%, year over year, to $7.11 billion. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company … Oracle revenue for the twelve months ending August 31, 2020 was $39.217B, a 0.79% decline … Cloud services and license support, Oracle’s largest business segment, generated $7.11 billion in second-quarter revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts. Claim my badge. Oracle reports slow revenue growth as licensing and hardware businesses decline – CNBC Business / December 11, 2020 December 11, 2020 / 3 minutes of reading Safra Catz, co-chief executive officer of Oracle Corp., speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., on Monday, June 19, 2017. Enabling all our on-premise database customers to upgrade and run Oracle’s latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database…especially by our largest customers including banks and governments that are not currently planning to move their largest and most critical systems to a public cloud.”. Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in around 27.4 billion U.S. dollars in its 2020 fiscal year. Analysts had expected $1.15 billion. Analysts projected $1.04. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44%. Traditional software fees fueled 1.9% quarterly revenue gain, Company seeking big cloud customer in stalled TikTok proposal. Ellison sought to reassure investors that Oracle will continue to lead the market for databases, the company’s signature product, and asserted that Oracle’s tool is “much faster” than the one sold by Snowflake Inc., a company that has seen its market value more than triple to almost $106 billion since its mid-September initial public offering. For more information about Oracle (NYSE:ORCL), visit us at www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073. Non-GAAP operating income was down 2% YoY to $5.1 billion, and non-GAAP operating margin was 49%. But it doesn’t remotely compare to Oracle Autonomous Database.”. Updates with revenue and profit forecasts in second paragraph. GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. Oracle, which belongs to the Zacks Computer - Software industry, posted revenues of $9.80 billion for the quarter ended November 2020, surpassing the Zacks Consensus Estimate by … Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Oracle undertakes no duty to update any statement in light of new information or future events. For starters, you're likely to have Salesforce in your company. Oracle is trying to become a technology partner and cloud computing services provider to ByteDance Ltd.’s TikTok in its bid to land major customers for its public cloud, but the deal remains mired in U.S. regulatory review. Declining demand for its legacy tools on-premise license revenues were $ 5.1 billion Oracle reported fiscal! 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