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Oracle Corp (ORCL) SEC Filing 10-Q Quarterly report for the period ending Thursday, February 28, 2019

Oracle Corp

CIK: 1341439 Ticker: ORCL

Exhibit 99.1

 

For Immediate Release

 

 

 

 

 

 

Contact:

  

Ken Bond

  

Deborah Hellinger

 

  

Oracle Investor Relations

  

Oracle Corporate Communications

 

  

1.650.607.0349

  

1.212.508.7935

 

  

ken.bond@oracle.com

  

deborah.hellinger@oracle.com

 

Q3 FY19 GAAP EPS INCREASED TO $0.76 and NON-GAAP EPS UP 8% TO $0.87

Operating Income Up 3% in USD and 7% in Constant Currency

 

REDWOOD SHORES, Calif., March 14, 2019 --

Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q3 results. Total Revenues were $9.6 billion, down 1% in USD and up 3% in constant currency compared to Q3 last year. Cloud Services and License Support revenues were $6.7 billion, while Cloud License and On-Premise License revenues were $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.

GAAP Operating Income was up 3% to $3.4 billion and GAAP Operating Margin was 35%. Non-GAAP Operating Income was up 2% to $4.3 billion and non-GAAP Operating Margin was 44%. GAAP Net Income increased to $2.7 billion and non-GAAP Net Income was down 8% to $3.2 billion. GAAP Earnings Per Share increased to $0.76 while non-GAAP Earnings Per Share was up 8% to $0.87.

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.

“I’m pleased with Q3 non-GAAP results as revenues grew 3%, operating income increased 5% and EPS grew 12% in constant currency,” said Oracle CEO, Safra Catz. “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.”

“Our Fusion HCM, ERP, Supply Chain and Manufacturing Cloud applications revenue in total grew 32% in Q3,” said Oracle CEO, Mark Hurd. “Our NetSuite ERP Cloud applications also delivered strong results with a revenue growth rate of 30%. That said, let me call your attention to the following approved statement about Oracle’s entire applications business from industry analyst IDC.”

Per IDC’s latest annual market share results, Oracle is the #1 Enterprise Applications vendor in North America based on market share and revenue, surpassing Salesforce.com and SAP.  Source: IDC Semiannual Software Tracker, Oct. 2018. Market share and revenue for 2H2017-1H2018. North America is the USA and Canada. Enterprise Applications refer to the IDC markets CRM, Enterprise Resource Management (including HCM, Financials, Procurement, Order Management, PPM, EAM), SCM, and Production Applications.

 


The following information was filed by Oracle Corp (ORCL) on Thursday, March 14, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Oracle Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

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Summary Of Cloud And License Business Revenues By Ecosystem (Details)
Summary Of Total Revenues By Geographic Region (Details)

Material Contracts, Statements, Certifications & more

Oracle Corp provided additional information to their SEC Filing as exhibits

Ticker: ORCL
CIK: 1341439
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-19-008273
Submitted to the SEC: Mon Mar 18 2019 12:12:45 PM EST
Accepted by the SEC: Mon Mar 18 2019
Period: Thursday, February 28, 2019
Industry: Prepackaged Software

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