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Oracle Corp (ORCL) SEC Filing 10-Q Quarterly report for the period ending Monday, August 31, 2020

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 2021 First Quarter Financial Results

 

GAAP EPS up 16% year-over-year to $0.72, non-GAAP EPS up 15% to $0.93

Fusion ERP cloud revenue up 33%, NetSuite ERP cloud revenue up 23%

REDWOOD SHORES, Calif., September 10, 2020 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion compared to Q1 last year. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. Cloud license and on-premise license revenues were up 9% in USD and 8% in constant currency to $886 million.

Q1 GAAP operating income was up 12% to $3.2 billion and GAAP operating margin was 34%. Non-GAAP operating income was up 9% to $4.2 billion and non-GAAP operating margin was 45%. GAAP net income was up 5% to $2.3 billion, and non-GAAP net income was up 4% to $2.9 billion. GAAP earnings per share was up 16% to $0.72, while non-GAAP earnings per share was up 15% to $0.93.

Short-term deferred revenues were $9.9 billion. Operating cash flow was $13.1 billion during the trailing twelve months.

“Q1 was fantastic with total revenue beating guidance by more than $150 million, and non-GAAP earnings per share beating guidance by $0.07,” said Oracle CEO, Safra Catz. “Our cloud applications businesses continued their rapid revenue growth with Fusion ERP up 33% and NetSuite ERP up 23%. We now have 7,300 Fusion ERP customers and 23,000 NetSuite ERP customers in the Oracle Cloud. Our infrastructure businesses are also growing rapidly as revenue from Zoom more than doubled from Q4 last year to Q1 in this year. I have a high level of confidence that our revenue will accelerate as we move on past COVID-19.”

“I believe that the Oracle Cloud offers better Infrastructure-as-a-Service (IaaS) technology than any other cloud vendor,” said Oracle Chairman and CTO, Larry Ellison. “The really good news here is that I’m not the only one who thinks that’s true. Here is an approved quote from IDC.”

“In the 2020 Industry CloudPath survey that IDC recently released where it surveyed 935 IaaS customers on their satisfaction with top IaaS vendors including Oracle, Amazon Web Services, Microsoft, IBM, Google Cloud . . . . Oracle IaaS (OCI) received the highest satisfaction score AND the biggest year-over-year score increase of all IaaS vendors. In addition, 86% of those surveyed said they expect their spend on Oracle IaaS (OCI) to increase in the future.”

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 October 8, 2020, with a payment date of October 22, 2020.

A complete list of customers mentioned on the earnings conference call and more, which have purchased Oracle Cloud services, or went live on Oracle Cloud during the quarter will be available at www.oracle.com/customers/earnings.

Q1 Fiscal 2021 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. A live and replay webcast will be available on the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q1 results and 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: 3270019.


 


The following information was filed by Oracle Corp (ORCL) on Thursday, September 10, 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-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

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Parenthetical
Condensed Consolidated Statements Of Cash Flows
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Basis Of Presentation, Recent Accounting Pronouncements And Other 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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Fair Value Measurements
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Goodwill (Details)
Income Taxes
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Segment Information
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Segment Information Narrative (Details)
Segment Information Reconciliation (Details)
Stockholders' Equity
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Summary Of Cloud Services And License Support Revenues By Ecosystems (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: 0001564590-20-043448
Submitted to the SEC: Mon Sep 14 2020 5:34:48 PM EST
Accepted by the SEC: Tue Sep 15 2020
Period: Monday, August 31, 2020
Industry: Prepackaged Software

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