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Oracle Corp (ORCL) SEC Filing 10-Q Quarterly Report for the period ending Tuesday, August 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 2022 First Quarter Financial Results

 

GAAP EPS up 19% to $0.86, Non-GAAP EPS up 11% to $1.03

Fusion ERP cloud revenue up 32%, NetSuite ERP cloud revenue up 28%

IaaS plus SaaS cloud revenue totaled $2.5 billion or 25% of quarterly revenue

AUSTIN, Texas, September 13, 2021 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2022 Q1 results. Total quarterly revenues were up 4% year-over-year to $9.7 billion. Cloud services and license support revenues were up 6% to $7.4 billion. Cloud license and on-premise license revenues were down 8% to $813 million.

Q1 GAAP operating income was up 7% to $3.4 billion, and GAAP operating margin was 35%. Non-GAAP operating income was up 4% to $4.3 billion, and Non-GAAP operating margin was 45%. GAAP net income was up 9% to $2.5 billion, and GAAP earnings per share was up 19% to $0.86. Non-GAAP net income was up 2% to $2.9 billion, and Non-GAAP earnings per share was up 11% to $1.03.

Short-term deferred revenues were $10 billion. Operating cash flow was up 17% to $15.3 billion during the trailing twelve months.

“Q1 results were excellent as constant currency revenue beat guidance by $100 million with all revenue segments exceeding forecast, and Non-GAAP earnings per share beating guidance by $0.08,” said Oracle CEO, Safra Catz. “Oracle’s two new cloud businesses, IaaS and SaaS, are now over 25% of our total revenue with an annual run rate of $10 billion. Taken together, IaaS and SaaS are Oracle’s fastest growing and highest margin new businesses. As these two cloud businesses continue to grow they will help expand our overall profit margins and push earnings per share higher.”

“Last week, Cloud Wars published an article entitled ‘Oracle Leapfrogs Google in Major Cloud Ranking’ summarizing an upcoming Gartner Report that reviews the leading cloud infrastructure companies,” said Oracle Chairman and CTO, Larry Ellison. “Please read the article and the Gartner Report for all the essential details. Oracle is delivering some truly innovative infrastructure services. Last quarter, we released the next generation of the world’s most popular open source database, MySQL, which now includes the HeatWave in-memory query accelerator, and the AutoPilot management tools. Many customers measured our new MySQL cloud service to be much much faster, less expensive, and easier to use than SnowFlake, Aurora, RedShift and other commonly used cloud databases. In response to requests from some of those customers, we decided to make MySQL HeatWave available on other clouds in addition to 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 October 12, 2021, with a payment date of October 26, 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 and services see www.oracle.com/corporate/analyst-reports.html.

Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. A live and replay webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor/.

 


The following information was filed by Oracle Corp (ORCL) on Monday, September 13, 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-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
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Stockholders' (Deficit) Equity
Acquisitions
Basis Of Presentation, Recent Accounting Pronouncements And Other
Basis Of Presentation, Recent Accounting Pronouncements And Other (Details)
Basis Of Presentation, Recent Accounting Pronouncements And Other (Policies)
Basis Of Presentation, Recent Accounting Pronouncements And Other (Tables)
Basis Of Presentation, Recent Accounting Pronouncements And Other Narrative (Details)
Basis Of Presentation, Recent Accounting Pronouncements And Other Narrative (Details1)
Deferred Revenues
Deferred Revenues (Details)
Deferred Revenues (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Fair Value Measurements Narrative (Details)
Goodwill (Details)
Income Taxes
Income Taxes (Details)
Intangible Assets (Details)
Intangible Assets Amortization (Details)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (Tables)
Legal Proceedings
Legal Proceedings (Details)
Restructuring Activities
Restructuring Activities (Details)
Restructuring Activities (Tables)
Restructuring Activities Narrative (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Segment Information Narrative (Details)
Segment Information Reconciliation (Details)
Stockholders' (Deficit) Equity
Stockholders' (Deficit) Equity (Details)
Stockholders' (Deficit) Equity (Tables)
Stockholders' (Deficit) 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: 0001564590-21-047772
Submitted to the SEC: Mon Sep 13 2021 5:23:09 PM EST
Accepted by the SEC: Mon Sep 13 2021
Period: Tuesday, August 31, 2021
Industry: Prepackaged Software

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