Oracle records $ 40.5 b revenue in 2020/21

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Oracle Corporation yesterday (16) announced fiscal 2021 Q4 results and their total quarterly revenues were up 8% year-over-year to $ 11.2 billion. Cloud services and license support revenues were up 8% to $ 7.4 billion. Cloud license and on-premise license revenues were up 9% to $ 2.1 billion. 

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Oracle Cloud Service And License Support

Q4 GAAP operating income was up 5% to $ 4.5 billion, and GAAP operating margin was 40%. Non-GAAP operating income was up 6% to $ 5.4 billion and non-GAAP operating margin was 49%. GAAP net income was up 29% to $ 4.0 billion, and GAAP earnings per share was up 39% to $ 1.37. Non-GAAP net income was up 20% to $ 4.5 billion, and non-GAAP earnings per share was up 29% to $ 1.54. 

Short-term deferred revenues were up 10% from last year to $ 8.8 billion. Operating cash flow was up 21% to a record $ 15.9 billion during the trailing twelve months.

Fiscal year 2021 total revenues were up 4% year-over-year to $ 40.5 billion. Cloud services and license support revenues were up 5% to $ 28.7 billion. Cloud license and on-premise license revenues were up 5% to $ 5.4 billion.

Fiscal year 2021 GAAP operating income was up 9% to $ 15.2 billion, and GAAP operating margin was 38%. Non-GAAP operating income was up 9% to $ 19.0 billion, and non-GAAP operating margin was 47%. GAAP net income was up 36% to $ 13.7 billion, while non-GAAP net income was up 11% to $ 14.1 billion. GAAP earnings per share increased 48% to $ 4.55, while non-GAAP earnings per share was up 21% to $ 4.67.

“Our Q4 performance was absolutely outstanding with total revenue beating guidance by nearly $ 200 million, and non-GAAP earnings per share beating guidance by $ 0.24,” said Oracle CEO Safra Catz. “Our multi-billion dollar Fusion and NetSuite cloud applications businesses saw dramatic increases in their already rapid revenue growth rates: Fusion ERP was up 30% in Q3 and up 46% in Q4, Fusion HCM was up 23% in Q3 and up 35% in Q4, NetSuite was up 24% in Q3 and up 26% in Q4. Oracle Fusion is the world’s biggest cloud ERP business; Oracle NetSuite is the world’s second biggest cloud ERP business. Revenue from our Gen2 Cloud Infrastructure business including Autonomous Database grew over 100% in Q4. The accelerating growth rates of both our applications and infrastructure cloud businesses this year drove earnings per share growth up to 21% in FY21. That is the fourth consecutive year of double-digit earnings per share growth at Oracle Corporation.”

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