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Oracle Corp (ORCL) SEC Filing 10-K Annual report for the fiscal year ending Sunday, May 31, 2020

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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

 

Oracle Announces Fiscal 2020 Fourth Quarter and Fiscal Full Year Financial Results

 

Q4 FY2020 Fusion ERP cloud revenue, up 32% year-over-year (YoY)

Q4 FY2020 Fusion HCM cloud revenue, up 27% YoY

Q4 FY2020 EPS of $0.99 and non-GAAP EPS of $1.20, up 3% YoY and 5% in constant currency

FY2020 EPS of $3.08 and non-GAAP EPS of $3.85, up 9% YoY and 11% in constant currency

REDWOOD SHORES, Calif., June 16, 2020 --

Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Cloud license and on-premise license revenues were $2.0 billion.

Q4 GAAP operating income was up 1% YoY to $4.3 billion, and GAAP operating margin was 41%. Non-GAAP operating income was down 2% YoY to $5.1 billion, and non-GAAP operating margin was 49%. GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. GAAP earnings per share was $0.99, while non-GAAP earnings per share was up 3% YoY to $1.20.

Short-term deferred revenues were $8.0 billion. Operating cash flow was $13.1 billion during the trailing twelve months.

For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Cloud license and on-premise license revenues were $5.1 billion.

Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44%. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. GAAP earnings per share increased 4% to $3.08, while non-GAAP earnings per share was up 9% to $3.85.

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. “Leading the way was our Fusion Cloud ERP Suite that grew 35% in constant currency, and our Fusion Cloud HCM Suite grew 29% in constant currency. 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. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20.”

“In Q4, we launched a vastly improved version of our Exadata Cloud@Customer service,” said Oracle Chairman and CTO, Larry Ellison. “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.  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.”

The board of directors 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 July 15, 2020, with a payment date of July 28, 2020.

Q4 Fiscal 2020 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 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 Q4 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: 1424537.

 


The following information was filed by Oracle Corp (ORCL) on Tuesday, June 16, 2020 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-K Annual 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-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets Parenthetical
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity Parenthetical
Consolidated Statements Of Operations
Acquisitions
Acquisitions Narrative (Details)
Cash, Cash Equivalents And Marketable Securities
Cash, Cash Equivalents And Marketable Securities (Details)
Cash, Cash Equivalents And Marketable Securities (Tables)
Cash, Cash Equivalents And Marketable Securities Narrative (Details)
Deferred Compensation Plans Narrative (Details)
Deferred Contribution Plans Narrative (Details)
Deferred Revenues
Deferred Revenues (Details)
Deferred Revenues (Tables)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments Effects On Balance Sheets (Details)
Derivative Financial Instruments Effects On Earnings And Aocl (Details)
Derivative Financial Instruments Narrative (Details)
Earnings Per Share
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Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Employee Benefit Plans (Tables)
Employee Benefit Plans Narrative (Details)
Fair Value Measurements
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Fair Value Measurements (Tables)
Fair Value Measurements Narrative (Details)
Future Principal Payments For All Borrowings (Details)
Goodwill (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Deferred Tax Liabilities And Assets (Details)
Income Taxes - Components Of Deferred Tax Liabilities And Assets Continued (Details)
Income Taxes - Components Of Provision For Income Taxes (Details)
Income Taxes - Geographical Breakdown Of Income Before Provision For Income Taxes (Details)
Income Taxes - Gross Unrecognized Tax Benefits, Including Acquisitions (Details)
Income Taxes - Reconciliation Of Differences Between Federal Statutory Tax Rate And Effective Tax Rate (Details)
Income Taxes Narrative (Details)
Intangible Assets (Details)
Intangible Assets Amortization (Details)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (Tables)
Leases, Other Commitments And Certain Contingencies
Leases, Other Commitments And Certain Contingencies (Tables)
Leases, Other Commitments And Certain Contingencies - Schedule Of Maturities Of Operating Lease Liabilities (Details)
Leases, Other Commitments And Certain Contingencies - Schedule Of Unconditional Purchase And Certain Other Obligations (Details)
Leases, Other Commitments And Certain Contingencies Narrative (Details)
Legal Proceedings
Legal Proceedings (Details)
Notes Payable And Other Borrowings
Notes Payable And Other Borrowings (Details)
Notes Payable And Other Borrowings (Tables)
Notes Payable And Other Borrowings Narrative (Details)
Organization And Significant Accounting Policies
Organization And Significant Accounting Policies (Details)
Organization And Significant Accounting Policies (Policies)
Organization And Significant Accounting Policies (Tables)
Organization And Significant Accounting Policies Narrative (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Tables)
Restructuring Activities
Restructuring Activities (Details)
Restructuring Activities (Tables)
Restructuring Activities Narrative (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Segment Information Continued (Details)
Segment Information Narrative (Details)
Segment Information Reconciliation (Details)
Stockholders' Equity
Stockholders' Equity (Details)
Stockholders' Equity (Tables)
Stockholders' Equity Narrative (Details)
Summary Of Cloud Service And License Support Revenues By Ecosystems (Details)
Summary Of Total Revenues By Geographic Region (Details)
Tax Benefits From Exercises Of Stock Options And Vesting Of Restricted Stock-Based Awards Narrative (Details)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Details)
Ticker: ORCL
CIK: 1341439
Form Type: 10-K Annual Report
Accession Number: 0001564590-20-030125
Submitted to the SEC: Mon Jun 22 2020 4:25:49 PM EST
Accepted by the SEC: Mon Jun 22 2020
Period: Sunday, May 31, 2020
Industry: Prepackaged Software

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