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Oracle Corp (ORCL) SEC Filing 10-Q Quarterly report for the period ending Saturday, August 31, 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

 

Q1 FY20 GAAP EPS UP 11% TO $0.63 and NON-GAAP EPS UP 14% TO $0.81

Operating Income Up 4% in USD and 6% in Constant Currency

 

REDWOOD SHORES, Calif., September 11, 2019 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q1 results. Total Revenues were $9.2 billion, slightly higher in USD and up 2% in constant currency compared to Q1 last year. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $812 million.

GAAP Operating Income was up 4% to $2.9 billion and GAAP Operating Margin was 31%. Non-GAAP Operating Income was up 2% to $3.8 billion and non-GAAP Operating Margin was 42%. GAAP Net Income was $2.1 billion and non-GAAP Net Income was $2.8 billion. GAAP Earnings Per Share was up 11% to $0.63 while non-GAAP Earnings Per Share was up 14% to $0.81.

Short-term deferred revenues were $10.1 billion. Operating Cash Flow was $13.8 billion during the trailing twelve months.

“Non-GAAP earnings per share grew 14% in USD and 16% in constant currency,” said Oracle CEO, Safra Catz. “As our low margin hardware businesses continue to get smaller, while our higher margin cloud business continues to get bigger, we expect Oracle’s operating margins, earnings per share and free cash flow all to grow. We’re off to a good start in FY20, and we expect this to be our 3rd consecutive year of double-digit non-GAAP earnings per share growth.”

“Our cloud ERP businesses, including both Fusion ERP and NetSuite ERP, grew 33% in Q1,” said Oracle CEO, Mark Hurd. “We now have over 6,500 Fusion ERP customers and over 18,000 NetSuite ERP customers. This continued strong growth has solidified our number one market leader position in cloud ERP worldwide, and our number one position in the overall applications business in North America.”

“Autonomy is the defining attribute of a Generation 2 Cloud,” said Oracle CTO, Larry Ellison. “Next week at our OpenWorld conference, we will announce more Autonomous Cloud Services to complement the Oracle Autonomous Database.  The Autonomous Database is the most successful new product in Oracle’s history. We added more than 500 new Autonomous Database cloud customers in Q1, and we expect to more than double that in Q2.”

The Board of Directors increased the authorization for share repurchases by $15 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 October 10, 2019, with a payment date of October 24, 2019.

Q1 Fiscal 2020 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:30 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q1 results and fiscal 2020 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 9874829.

 


The following information was filed by Oracle Corp (ORCL) on Wednesday, September 11, 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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Basis Of Presentation And Recent Accounting Pronouncements - Schedule Of Maturities Of Operating Lease Liabilities (Details)
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Deferred Revenues
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Deferred Revenues (Tables)
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Earnings Per Share
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Fair Value Measurements
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Segment Information Reconciliation (Details)
Stockholders' Equity
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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: 0001564590-19-034717
Submitted to the SEC: Fri Sep 13 2019 12:22:37 PM EST
Accepted by the SEC: Fri Sep 13 2019
Period: Saturday, August 31, 2019
Industry: Prepackaged Software

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