Oracle Corp (ORCL) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, August 31, 2022

SEC Filings

ORCL Quarterly Reports

Oracle Corp

CIK: 1341439 Ticker: ORCL

Exhibit 99.1


For Immediate Release









Ken Bond


Deborah Hellinger



Oracle Investor Relations


Oracle Corporate Communications







Oracle Announces Fiscal 2023 First Quarter Financial Results


Q1 GAAP Earnings per Share $0.56, Non-GAAP Earnings per Share $1.03

Q1 Total Revenue $11.4 billion, up 18% in USD, up 23% in constant currency

Q1 Cloud Revenue (IaaS plus SaaS) $3.6 billion, up 45% in USD, up 50% in constant currency

Q1 Cloud Infrastructure (IaaS) Revenue $0.9 billion, up 52% in USD, up 58% in constant currency

Q1 Cloud Application (SaaS) Revenue $2.7 billion, up 43% in USD, up 48% in constant currency

Fusion ERP Cloud (SaaS) Revenue, up 33% in USD, up 38% in constant currency

NetSuite ERP Cloud (SaaS) Revenue, up 27% in USD, up 30% in constant currency

AUSTIN, Texas, September 12, 2022 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2023 Q1 results. Total quarterly revenues were up 18% year-over-year in USD and up 23% in constant currency to $11.4 billion. Cloud services and license support revenues were up 14% in USD and up 20% in constant currency to $8.4 billion. Cloud license and on-premise license revenues were up 11% in USD and up 19% in constant currency to $0.9 billion. For the first quarter of fiscal 2023, Cerner contributed $1.4 billion to total revenues.

Q1 GAAP operating income was $2.6 billion, down 23% in USD and down 17% in constant currency. Non-GAAP operating income was $4.5 billion, up 3% in USD and up 10% in constant currency. GAAP operating margin was 23%, and non-GAAP operating margin was 39%. GAAP net income was $1.5 billion, and non-GAAP net income was $2.8 billion. Q1 GAAP earnings per share was $0.56 while non-GAAP earnings per share was $1.03.

Short-term deferred revenues were $10.5 billion. Operating cash flow was $10.5 billion during the trailing twelve months.

The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Without the impact of the U.S. dollar strengthening compared to foreign currencies, Oracle’s reported Q1 GAAP and non-GAAP earnings per share would have been 8 cents higher.

“In Q1, total revenue grew 23% in constant currency beating guidance by $200 million,” said Oracle CEO, Safra Catz. “Even without Cerner, our total revenue grew 8% in constant currency driven by Oracle’s rapidly growing applications and infrastructure cloud businesses. These two cloud businesses now account for more than 30% of our total revenue. As our cloud businesses become a larger-and-larger percentage of our overall business, we expect our constant currency organic revenue growth rate to hit double-digits with a corresponding increase in earnings per share. Cerner will also positively impact revenue and earnings per share growth in the coming quarters as we fully integrate Cerner into Oracle and benefit from the resulting cost efficiencies. This is the first quarter we owned Cerner and they just delivered the best revenue quarter in their history. We expect Cerner to do even better in the coming quarters as we develop an all-new suite of healthcare cloud services.”

“Multi-Cloud access to the Oracle Database and Oracle’s MySQL HeatWave database will make the world’s two most popular databases even more popular,” said Oracle Chairman and CTO, Larry Ellison. “In Q1 we expanded our relationship with Microsoft by providing all versions of the Oracle database directly to Microsoft Azure customers. Now all Microsoft customers can directly access the Oracle Exadata Cloud Service, the Oracle Autonomous Database and every other Oracle Database version directly from the Azure Cloud. Today we are also announcing that Amazon Web Services customers can directly access Oracle’s MySQL HeatWave database running in the Amazon Cloud. This enables AWS users to run transaction processing, real-time analytics, and machine learning on the single unified MySQL service. MySQL HeatWave delivers 7X better price performance compared to Amazon Redshift and 10X better than Snowflake, 25X faster than Redshift ML, and up to 10X higher throughput than Aurora. See today’s MySQL HeatWave press release for customer performance benchmark verification.”

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, 2022, with a payment date of October 25, 2022.


A sample list of customers which purchased Oracle Cloud services during the quarter will be available at


A list of recent technical innovations and announcements is available at


To learn what industry analysts have been saying about Oracle’s products and services see

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

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at

# # #


Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

"Safe Harbor" Statement: Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding the size of our cloud businesses, our organic revenue and earnings per share growth rates, Cerner’s impact on our financial results, Cerner’s future performance and the development of new healthcare cloud services, the popularity of the Oracle Database and Oracle MySQL HeatWave, and the impact of access to the Oracle Database and Oracle’s MySQL HeatWave database by Microsoft Azure customers and Amazon Web Services customers, are "forward-looking statements" and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services; supply chain constraints and third-party manufacturing and logistics delays; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; the COVID-19 pandemic; economic, political and market conditions; information technology system failures, privacy concerns and cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at All information set forth in this press release is current as of September 12, 2022. Oracle undertakes no duty to update any statement in light of new information or future events.



The following information was filed by Oracle Corp (ORCL) on Monday, September 12, 2022 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
Acquisitions (Tables)
Acquisitions - Unaudited Pro Forma Financial Information (Details)
Acquisitions Narrative (Details)
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)
Fair Values Of Net Assets Acquired From Cerner (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)
Notes Payable And Other Borrowings
Notes Payable And Other Borrowings Narrative (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
Stockholders' Deficit (Details)
Stockholders' Deficit (Tables)
Stockholders' Deficit 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: 0001564590-22-031545
Submitted to the SEC: Tue Sep 13 2022 4:12:07 PM EST
Accepted by the SEC: Tue Sep 13 2022
Period: Wednesday, August 31, 2022
Industry: Prepackaged Software

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