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Oracle Corp (ORCL) SEC Filing 10-Q Quarterly report for the period ending Monday, November 30, 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 Second Quarter Financial Results

 

Q2 FY2021 GAAP EPS up 16% to $0.80, Non-GAAP EPS up 19% to $1.06

Oracle Gen2 Cloud Infrastructure and Autonomous Database revenue up over 100%

Fusion Cloud ERP revenue up 33%, NetSuite Cloud ERP revenue up 21%

REDWOOD SHORES, Calif., December 10, 2020 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. Cloud services and license support revenues were up 4% to $7.1 billion. Cloud license and on-premise license revenues were down 3% to $1.1 billion.

Q2 GAAP operating income was up 13% to $3.6 billion and GAAP operating margin was 37%. Non-GAAP operating income was up 14% to $4.6 billion and non-GAAP operating margin was 47%. GAAP net income was up 6% to $2.4 billion, and non-GAAP net income was up 9% to $3.2 billion. GAAP earnings per share was up 16% to $0.80, while non-GAAP earnings per share was up 19% to $1.06.

Short-term deferred revenues were $8.1 billion. Operating cash flow was $14.0 billion during the trailing twelve months.

“Our highly profitable multi-billion dollar Fusion and NetSuite Cloud ERP applications businesses grew revenue 33% and 21% respectively in Q2,” said Oracle CEO, Safra Catz. “These two strategic cloud applications businesses are major contributors to Oracle’s increased operating earnings and consistent earnings per share growth. We expect this rapid market share and revenue growth trend to continue as both Gartner and IDC rank Oracle’s ERP suite number one in the cloud.”

“Oracle’s Gen2 Cloud Infrastructure is adding customers and growing revenue at a rate well in excess of 100% per year,” said Oracle Chairman and CTO, Larry Ellison. “Demand for our Gen2 Cloud Infrastructure is exceeding our plan and we are opening new datacenters as fast as we can.  Oracle opened 13 additional regional datacenters in 2020 to bring our total to 29 regional datacenters worldwide, more than AWS.”

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 January 7, 2021, with a payment date of January 21, 2021.

Business Innovations

 

Oracle increased its already aggressive expansion plan, and now expects to have 38 Cloud regions live by mid-2021 with the recent opening of three new commercial cloud regions, one in Dubai, one in the United Kingdom, and one in Chile. Oracle has opened 13 Cloud regions so far in 2020 and currently operates 29 regions globally – the fastest expansion by any major cloud provider.

 

Oracle announced the next generation of Oracle Exadata Cloud Service, which helps customers accelerate their most challenging transaction processing and data analytics projects in 29 global cloud regions and Dedicated Region Cloud@Customer.

 

“Per IDC’s latest SaaSPath survey, SaaS ERP customers ranked Oracle highest in overall satisfaction among SAP, Microsoft, and Workday.” Source: IDC SaaSPath 2020: Vendor Ratings, Aug 2020.

 

An extended list of recent business innovations and announcements is available at www.oracle.com/news.


 


The following information was filed by Oracle Corp (ORCL) on Thursday, December 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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Condensed Consolidated Statements Of Operations
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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
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
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Fair Value Measurements (Tables)
Fair Value Measurements Narrative (Details)
Goodwill (Details)
Income Taxes
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Intangible Assets (Details)
Intangible Assets Amortization (Details)
Intangible Assets And Goodwill
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Restructuring Activities Narrative (Details)
Segment Information
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Segment Information (Tables)
Segment Information Narrative (Details)
Segment Information Reconciliation (Details)
Stockholders' Equity
Stockholders' Equity (Details)
Stockholders' Equity (Tables)
Stockholders' Equity Narrative (Details)
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: 0001564590-20-056896
Submitted to the SEC: Fri Dec 11 2020 4:11:40 PM EST
Accepted by the SEC: Fri Dec 11 2020
Period: Monday, November 30, 2020
Industry: Prepackaged Software

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