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 Cloud@Customer service,” said Oracle Chairman and CTO, Larry Ellison. “Exadata Cloud@Customer 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.”
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