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Oracle Corp (ORCL) SEC Filing 10-K Annual Report for the fiscal year ending Monday, May 31, 2021

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 Fourth Quarter and Fiscal Full Year Financial Results

 

Q4 FY21 Earnings Per Share: GAAP EPS up 39% to $1.37, Non-GAAP EPS up 29% to $1.54

Q4 Cloud Application Revenue: Fusion ERP up 46%, Fusion HCM up 35%, NetSuite ERP up 26%

Q4 Cloud Infrastructure Revenue: Gen2 Cloud plus Autonomous Database up over 100%

AUSTIN, Texas, June 15, 2021 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q4 results. Total quarterly revenues were up 8% year-over-year to $11.2 billion. Cloud services and license support revenues were up 8% to $7.4 billion. Cloud license and on-premise license revenues were up 9% to $2.1 billion.

Q4 GAAP operating income was up 5% to $4.5 billion, and GAAP operating margin was 40%. Non-GAAP operating income was up 6% to $5.4 billion and non-GAAP operating margin was 49%. GAAP net income was up 29% to $4.0 billion, and GAAP earnings per share was up 39% to $1.37. Non-GAAP net income was up 20% to $4.5 billion, and non-GAAP earnings per share was up 29% to $1.54.

Short-term deferred revenues were up 10% from last year to $8.8 billion. Operating cash flow was up 21% to a record $15.9 billion during the trailing twelve months.

Fiscal year 2021 total revenues were up 4% year-over-year to $40.5 billion. Cloud services and license support revenues were up 5% to $28.7 billion. Cloud license and on-premise license revenues were up 5% to $5.4 billion.

Fiscal year 2021 GAAP operating income was up 9% to $15.2 billion, and GAAP operating margin was 38%. Non-GAAP operating income was up 9% to $19.0 billion, and non-GAAP operating margin was 47%. GAAP net income was up 36% to $13.7 billion, while non-GAAP net income was up 11% to $14.1 billion. GAAP earnings per share increased 48% to $4.55, while non-GAAP earnings per share was up 21% to $4.67.

“Our Q4 performance was absolutely outstanding with total revenue beating guidance by nearly $200 million, and non-GAAP earnings per share beating guidance by $0.24,” said Oracle CEO, Safra Catz. “Our multi-billion dollar Fusion and NetSuite cloud applications businesses saw dramatic increases in their already rapid revenue growth rates: Fusion ERP was up 30% in Q3 and up 46% in Q4, Fusion HCM was up 23% in Q3 and up 35% in Q4, NetSuite was up 24% in Q3 and up 26% in Q4. Oracle Fusion is the world’s biggest cloud ERP business; Oracle NetSuite is the world’s second biggest cloud ERP business. Revenue from our Gen2 Cloud Infrastructure business including Autonomous Database grew over 100% in Q4. The accelerating growth rates of both our applications and infrastructure cloud businesses this year drove earnings per share growth up to 21% in FY21.  That is the fourth consecutive year of double-digit earnings per share growth at Oracle Corporation.”

“The world’s two most popular databases are the Oracle Autonomous Database and Oracle MySQL,” said Oracle Chairman and CTO, Larry Ellison. “The Oracle Database once again delivered solid revenue growth in FY21.  And while our Oracle Database business as measured by revenue currently dwarfs our MySQL database business—that is about to change because the latest version of Oracle MySQL has been upgraded to include a revolutionary new ultra-high-performance parallel processing query engine called HeatWave. Independent analysts have tested and confirmed that Oracle MySQL with HeatWave runs 10 to 100 times faster than Amazon’s version of MySQL called Aurora. This technological breakthrough is causing several of Amazon’s customers to start moving their Aurora workloads to Oracle MySQL. And industry analysts are telling us they are seeing a 10x increase in Oracle Cloud Infrastructure customer inquiries. Both the Oracle Autonomous Database and Oracle MySQL with HeatWave technology have captured the technology high-ground in the cloud database business—and that bodes well for the future of the Oracle Cloud.”

The board of directors declared a quarterly cash dividend of $0.32 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on July 15, 2021, with a payment date of July 29, 2021.

 

A sample list of customers which purchased Oracle Cloud services during the quarter will be available at www.oracle.com/customers/earnings.

 

A list of recent technical innovations and announcements is available at www.oracle.com/news.

 

To learn what industry analysts have been saying about Oracle’s products & services see www.oracle.com/corporate/analyst-reports.html.

 


The following information was filed by Oracle Corp (ORCL) on Tuesday, June 15, 2021 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
Cash, Cash Equivalents And Marketable Securities
Cash, Cash Equivalents And Marketable Securities (Details)
Cash, Cash Equivalents And Marketable Securities (Tables)
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
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Employee Benefit Plans (Tables)
Employee Benefit Plans Narrative (Details)
Fair Value Measurements
Fair Value Measurements (Details)
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 Benefit From (Provision For) Income Taxes (Details)
Income Taxes - Components Of Deferred Tax Liabilities And Assets (Details)
Income Taxes - Components Of Deferred Tax Liabilities And Assets Continued (Details)
Income Taxes - Geographical Breakdown Of Income Before Benefit From (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)
Organization And Significant Accounting Policies Narrative (Details1)
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 Services 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: 0001564590-21-033616
Submitted to the SEC: Mon Jun 21 2021 4:10:31 PM EST
Accepted by the SEC: Mon Jun 21 2021
Period: Monday, May 31, 2021
Industry: Prepackaged Software

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