Oracle Announces Q4 & FY 2020 Financial Results; Safra Catz, Larry Ellison Quoted

Oracle Announces Q4 & FY 2020 Financial Results; Safra Catz, Larry Ellison Quoted
Safra Catz

Oracle Corporation has announced fourth quarter (Q4) and fiscal year (FY) 2020 full year results on Wednesday, reporting revenues of $10.4 billion. 

“Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20," said Oracle CEO, Safra Catz.

Oracle’s cloud services and license support revenues were $6.8 billion and cloud license and on-premise license revenues were $2 billion. The company’s Q4 GAAP operating income was up 1 percent year-over-year (YoY) to $4.3 billion, and GAAP operating margin was 41 percent.

The company’s non-GAAP operating income was down 2 percent YoY to $5.1 billion, and non-GAAP operating margin was 49 percent. GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. GAAP earnings per share was $0.99, while non-GAAP earnings per share was up 3 percent YoY to $1.20.

Oracle’s Short-term deferred revenues were $8.0 billion and operating cash flow was $13.1 billion during the latter twelve months. For FY 2020, total revenues were $39.1 billion, down 1 percent YoY and flat in constant currency. Cloud services and license support revenues were $27.4 billion. Cloud license and on-premise license revenues were $5.1 billion.

"In Q4, non-GAAP earnings per share grew 5% in constant currency driven by strong performances in both our cloud infrastructure and cloud applications businesses," "Leading the way was our Fusion Cloud ERP Suite that grew 35% in constant currency, and our Fusion Cloud HCM Suite grew 29% in constant currency,” added Catz.

Oracle’s FY 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36 percent. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44 percent. 

GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. GAAP earnings per share increased 4 percent to $3.08, while non-GAAP earnings per share was up 9 percent to $3.85.

"In Q4, we launched a vastly improved version of our Exadata [email protected] service," said Oracle Chairman and CTO, Larry Ellison. "Exadata [email protected] now enables our existing on-premise database customers to run the Oracle Autonomous Database in their own datacenter… Enabling all our on-premise database customers to upgrade and run Oracle's latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database.”

About Oracle

The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly-Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database.

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