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

 

Total Revenue up 6% to $10.4 Billion

Total Cloud Revenue (IaaS plus SaaS) up 22% to $2.7 Billion

Fusion ERP cloud revenue up 35%, NetSuite ERP cloud revenue up 29%

AUSTIN, Texas, December 9, 2021 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2022 Q2 results. Total quarterly revenues were up 6% year-over-year to $10.4 billion. Cloud services and license support revenues were up 6% to $7.6 billion. Cloud license and on-premise license revenues were up 13% to $1.2 billion.

Oracle’s Q2 GAAP results were adversely impacted by the payment of a judgment related to a ten year old dispute surrounding former CEO Mark Hurd’s employment. That payment resulted in a Q2 GAAP operating loss of $824 million and a loss per share of $0.46. Q2 Non-GAAP operating income was up 6% to $4.9 billion and earnings per share was up 14% to $1.21.

Short-term deferred revenues were $7.9 billion. Operating cash flow was $10.3 billion during the trailing twelve months.

“Oracle’s Q2 Non-GAAP earnings per share was up 14% to $1.21—beating guidance by $0.10,” said Oracle CEO, Safra Catz. “Constant currency revenue beat guidance by $200 million. These strong results are being driven by the 22% growth of our infrastructure and applications cloud businesses which are approaching $11 billion in annualized revenue. We now have 8,500 Fusion ERP customers with revenue growing 35%, 28,400 NetSuite ERP customers with revenue growing 29%, and our Gen2 infrastructure businesses are growing even faster—and accelerating.”

“Oracle’s Autonomous Database and new MySQL Database with HeatWave are the world’s two highest-performance databases,” said Oracle Chairman and CTO, Larry Ellison. “Because of their extreme high-performance, both products present huge growth opportunities for our cloud infrastructure business. Oracle database on-premise customers are choosing our Autonomous Database as they move to the public cloud and our unique Cloud@Customer service. Amazon Aurora customers are discovering that moving to MySQL with HeatWave can increase their performance by more than ten-times—with a corresponding reduction in cost. These two databases will sustain Oracle’s database market and technology leadership for years to come.”

The board of directors increased the authorization for share repurchases by $10 billion. The board of directors also 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 January 7, 2022, with a payment date of January 19, 2022.

 

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 Thursday, December 9, 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 (Loss) Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Stockholders' (Deficit) Equity
(Loss) Earnings Per Share
(Loss) Earnings Per Share (Details)
(Loss) Earnings Per Share (Tables)
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)
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: 0001564590-21-060022
Submitted to the SEC: Fri Dec 10 2021 4:12:50 PM EST
Accepted by the SEC: Fri Dec 10 2021
Period: Tuesday, November 30, 2021
Industry: Prepackaged Software

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