Oracle Announces Fiscal 2020 Third Quarter Financial Results

March 13, 2020

Q3 FY2020 GAAP EPS up 4% to $0.79 and Non-GAAP EPS up 11% to $0.97
Total Revenues of $9.8 billion, up 2% year-over-year and 3% in constant currency
Cloud Services & License Support Revenues of $6.9 billion, up 4% year-over-year and 5% in constant currency
Fusion ERP Cloud Revenues up 37% year-over-year and 38% in constant currency
The Board of Directors increased the authorization for share repurchases by $15.0 billion

Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q3 results. Total Revenues were $9.8 billion, up 2% in USD and 3% in constant currency compared to Q3 last year. Cloud Services and License Support revenues were $6.9 billion, up 4% in USD and 5% in constant currency. Cloud License and On-Premise License revenues were $1.2 billion.

GAAP Operating Income was up 4% to $3.5 billion, and GAAP Operating Margin was 36%. Non-GAAP Operating Income was up 2% to $4.4 billion, and non-GAAP Operating Margin was 44%. GAAP Net Income was $2.6 billion, and non-GAAP Net Income was $3.2 billion. GAAP Earnings Per Share was up 4% to $0.79, while non-GAAP Earnings Per Share was up 11% to $0.97.

Short-term Deferred Revenues were $7.8 billion. Operating Cash Flow was $13.9 billion during the trailing twelve months.

“We had an extremely strong quarter with Total Revenues growing 3% in constant currency,” said Oracle CEO, Safra Catz. “Subscription revenues, made up of Cloud Services and License Support revenues, grew 5% in constant currency. These consistently growing and recurring subscription revenues now account for 71% of total company revenues, thus enabling a sequential increase in our operating margin, and double-digit non-GAAP Earnings Per Share growth in Q3.”

“The Oracle Autonomous Database, the world’s only fully autonomous data management system, can automatically patch security vulnerabilities while running; it keeps your data safe,” said Oracle Chairman and CTO, Larry Ellison. “Oracle Autonomous Database is also both serverless and elastic. It’s the only database that can instantaneously scale itself to an optimal level of CPU and IO resources. You only pay for what you use. Security and economy are two fundamental reasons why thousands of customers are now using the revolutionary new Oracle Autonomous Database in our Generation 2 Public Cloud.”

The Board of Directors increased the authorization for share repurchases by $15.0 billion. The Board of Directors also declared a quarterly cash dividend of $0.24 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on April 9, 2020, with a payment date of April 23, 2020.

Q3 Fiscal 2020 Earnings Conference Call and Webcast
Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q3 results and fiscal 2020 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 5995463.

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. For more information about Oracle (NYSE:ORCL), visit us at www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.