Oracle announced fiscal 2020 Q3 results

Oracle Corporation 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.

News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Ukraine battles forest fire in Chernobyl nuclear zone
The SARS-CoV-19 outbreak, a global threat
Bangladesh PM unveils Tk 72,750 crore package to overcome Covid-19 impact
Maeve Townsend, granddaughter of Robert F. Kennedy missing in Chesapeake Bay with her son
Gonoshasthaya Kendra claims to develop cheaper and faster COVID-19 detection kit
BRAC commits 150 million as emergency assistance for 100000 low-income households


News of the Month

Scroll Up
%d bloggers like this: