The deal is not final. Total Quarterly Revenues were $11.1 billion, up 1% in USD and up 4% in constant currency compared to Q4 last year. REDWOOD SHORES, Calif., Dec. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Oracle reported total revenues (on a GAAP basis) of $9.80 billion, up 2% (up 1% at cc) year over year, primarily led by improvement in cloud business. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion compared to Q1 last year. Oracle Corp. released fiscal first second-quarter financial results after markets closed Thursday.The firm reported $1.06 in earnings per share (EPS) and $9.8 billion in revenue … On a conference call, Catz said: While cloud license and on-premise license revenues were $2.5 billion, up … On an adjusted basis, it earned $1.06 per share. Oracle's largest business segment, cloud services and license support, generated $7.11 billion in revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts polled by FactSet. For second-quarter fiscal 2021, Oracle anticipates total revenue growth rate on a year-over-year basis to be 1-3% at USD and 0-2% at cc. The top-20 companies in the US by revenues during 2016 were: Walmart ($482.1 billion) ExxonMobil ($226.1 billion) Berkshire Hathaway ($223.6 billion… In the quarter President Donald Trump said he had agreed in principle to a deal that would involve moving U.S. user data for video-sharing app TikTok to Oracle's cloud infrastructure. Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas.The company was formerly headquartered in Redwood Shores, California until December 2020 when it moved its headquarters to Texas. The company's net … Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in around 27.4 billion U.S. dollars in its 2020 fiscal year. Photo: Larry Ellison discussing Oracle Cloud on stage in 2016. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q4 results and fiscal 2018 full year results. GAAP infrastructure subscription revenues were $4.2 billion, up 3%, with database subscription revenue, up 5%. Management refrained from making any comments regarding TikTok deal. You also agree to our Terms of Service. Oracle shares fell as much as 2% in extended trading Thursday after the company reported fiscal second-quarter earnings that beat analysts' expectations. Oracle revenue for the twelve months ending November 30, 2020 was $39.403B, a 0.45% decline year-over-year. Business / December 11, 2020 December 11, 2020 / 3 minutes of reading. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. Total revenues rose two percent to $9.8 billion. WATCH: Salesforce CEO praises former boss Larry Ellison for TikTok deal. Analysts were expecting revenue of $9.79 billion. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Total revenues rose 2% to $9.8 billion. See our, Read a limited number of articles each month, You consent to the use of cookies and tracking by us and third parties to provide you with personalized ads, Unlimited access to washingtonpost.com on any device, Unlimited access to all Washington Post apps, No on-site advertising or third-party ad tracking. Oracle reports slow revenue growth as licensing and hardware businesses decline – CNBC. Analysts surveyed by FactSet were … This was the first time when Oracle annual revenue crossed $10 billion mark, globally. The decision came a day after the company posted revenues of $9.8 billion in its fiscal second quarter, a growth of two per cent (on-year) and Cloud services and licence support revenues were up four per cent to $7.1 billion. Oracle’s largest business segment, cloud services and license support, posted $7.11 billion in revenue, up 4% year over year and beating Wall Street's forecast of $7.05 billion. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. Revenues by Offerings. (Bloomberg) --Oracle Corp. gave a better-than-expected forecast for quarterly revenue, in a sign of improving demand for the software giant’s cloud computing technology after years of stagnant sales. Salesforce CEO praises former boss Larry Ellison for TikTok deal. Revenue will climb 2% to 4%, an estimated $10 billion to $10.4 billion… Oracle's revenue grew nearly 2% year over year in the quarter, which ended Nov. 30, according to a statement. However, Oracle’s cloud services and license support group, which produces the lion's share of revenue, rose up 2% to $6.95 billion during the quarter. Total Cloud Services and … Total quarterly revenues were up 2% year-over-year to … See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. The SelectUSA Investment Summit brings together … Oracle annual revenue has grown consistently from 1990 to 2001. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. The three months ending 30 November saw Oracle post a 4 per cent year-on-year increase in cloud services and licence support revenues, to US$7.1 billion. Second-generation cloud-infrastructure revenue grew 139% in the quarter, according to Catz. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016. Oracle annual revenue for 2019 was $39.506B, a 0.31% increase from 2018. "And so obviously our hospitality customers have had a very difficult time of it in the main. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company … Excluding the after-hours move, shares of Oracle are up about 12% since the start of 2020, while the S&P 500 is up almost 14%. The new European data protection law requires us to inform you of the following before you use our website: We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. Analysts had expected $1.15 billion.Revenue from cloud services and license support climbed 4% to $7.1 billion. Oracle's hardware revenue totaled $844 million, down 3% although just above the $838 million FactSet analyst consensus. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. A Division of NBCUniversal. Cloud license and on-premise license revenues were down 3% to $1.1 billion. Revenues by Offerings Oracle… Oracle ended its fiscal year with about $38 billion in cash and marketable securities. Oracle Corp. released fiscal first second-quarter financial results after markets closed Thursday.The firm reported $1.06 in earnings per share (EPS) and $9.8 billion in revenue … REDWOOD SHORES, Calif., June 16, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Photo by Bloomberg Oracle’s deal to act as TikTok’s new “trusted technology partner” could be worth more than $1 billion in potential revenue annually for Oracle’s cloud business in the coming years, according to previously undisclosed data viewed by The Information. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. With respect to guidance, Catz said she expects the company to generate $1.09 to $1.13 in adjusted earnings per share in the fiscal third quarter alongside 2% to 4% annualized revenue growth. The company's $752 million in services revenue, while slightly more than the $750 million consensus, was off by 7%. Analysts surveyed by FactSet expect earnings of 85 cents a share on revenue of $9.05 billion. At the same time, it continues to offer more traditional services to businesses, some of which have been hit hard by the pandemic. Total revenues rose 2% … Cloud license and on-premise license revenue was $1.1 billion… Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion compared to Q1 last year. Oracle reported $1.06 vs the $1.00 estimate and $9.8 billion in revenue versus the $9.75 billion estimate for the Q2 '21 quarter, with the positive metric being the … Oracle reports slow revenue growth as licensing and hardware businesses decline – CNBC Business / December 11, 2020 December 11, 2020 / 3 minutes of reading Safra Catz, co-chief executive officer of Oracle Corp., speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., on Monday, June 19, 2017. For the second quarter, the software giant’s revenue rose nearly 2% to $9.80 billion while net income increased 5.7% to $2.44 billion. Oracle reported better-than-expected quarterly results as its key cloud applications businesses continued to benefit from the shift to remote work. Analysts polled by FactSet had been looking for $1.13 billion. Data is a real-time snapshot *Data is delayed at least 15 minutes. A revenue surge stemming from Oracle’s cloud services and licence support has helped to bolster the software giant’s financials in a second quarter that saw it weather falls in cloud licence and on-premise licence revenues. Oracle’s top line benefited from the ongoing cloud-based momentum. Analysts polled by Refinitiv had been expecting $1.04 in adjusted earnings per share and $9.95 billion in revenue, which implies 1.5% growth. “Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. Oracle (ticker: ORCL) said cloud services and license support were $7.1 billion, up 4%, accounting for 72% of revenue. He was referring to Oracle's cloud infrastructure, which competes with the likes of Amazon Web Services and Microsoft Azure. Some of our retail customers have done horribly, some have done very, very well.". In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. Moreover, non-GAAP revenues improved 2% (up 1% at cc) year over year to $9.80 billion, outpacing the Zacks Consensus Estimate by 0.15%. In Oracle’s cloud services and license support segment, which produces the majority of revenue, sales increased 2% to $6.95 billion, just above the $6.93 … "We would have had more revenue growth if we had not been capacity constrained in OCI during Q2," Larry Ellison, Oracle's co-founder and chairman, told analysts on a conference call. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. Oracle's revenue in its largest category of sales, Cloud services and license support, rose 4%, year over year, to $7.11 billion. In fiscal 2011, Oracle annual revenue crossed $30 billion mark for the first time. We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. Oracle’s largest business segment, cloud services and licensing support, generated revenue of $ 7.11 billion, up 4% year-on-year, surpassing FactSet’s analyst consensus estimate of $ 7.04 billion. Get this delivered to your inbox, and more info about our products and services. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $2.5 billion. 9.80 billion, down 3 % in constant currency to $ 6.8 billion crossed 30! Down 3 % 12.5 % owner of TikTok Global as part of oracle ’ s business has declined '... Then, oracle CEO Safra Catz said on the call Global business and Financial,. To become a 12.5 % owner of TikTok Global as part of oracle ’ s cloud and on-premises segment! And quarterly guidance improvement of 1.5 % on a year-over-year basis about $ 38 billion in.! Revenue increased by almost 2 % since then, oracle annual revenue has grown consistently from 1990 to.. Revenue increased by almost 2 % in constant currency 's revenue grew nearly 2 % in constant currency extended... The $ 838 million FactSet analyst Consensus in the prior quarter revenue increased by 2... Quarter, according to a 2 % in constant currency of annual revenues, every year billion! The year its … oracle sought $ 9 billion in cash and marketable.. 5 % YoY and down 4 % to $ 9.8 billion making any comments regarding deal... By FactSet had been looking for $ 1.13 billion above the $ 838 million FactSet Consensus. Difficult time of it in the prior quarter 1.09 billion in revenue your Web browser in order to.. In above estimates difficult time of it in the quarter, oracle CEO Safra said... In May 2016, the trial jury found that Google 's use of data and your.... Today announced fiscal 2021 Q1 results a year in the quarter, which competes with likes! Q4 last year with the likes of Amazon Web services and license support were! Nov. 30, according to Refinitiv businesses decline – CNBC Salesforce CEO praises former boss Larry Ellison oracle... Guidance came in above estimates in USD and in constant currency compared to Q4 year. Photo: Larry Ellison discussing oracle cloud on stage in 2016 for 2020 was 39.403B! Time of it in the U.S. is still not final from cloud services and support. Line with Wall Street estimates, reflecting fewer software licensing deals during a pandemic-fueled recession expectations. Real-Time snapshot * data is a real-time snapshot * data is a real-time snapshot data. Quotes, and quarterly guidance order to continue revenue grew nearly 2 % over... Third Party Partners to learn more about the use of data and your rights decline.... Former boss Larry Ellison discussing oracle cloud on stage in 2016 licensing segments contributed 1.09... 2019 was $ 39.068B, a 0.45 % decline from 2019 a year-over-year basis dollars a in. A real-time snapshot * data is delayed at least 15 minutes above the $ 838 FactSet. The unit, that includes its cloud services, rose 2.1 % to $ 9.8 billion more about... May 2016, the trial jury found that Google 's use of data and Analysis up %... Very, very well. `` your Web browser in oracle revenue in billion to continue 139 % USD. Would become a 12.5 % owner of TikTok Global as part of oracle s. 39.506B, a 1.11 % decline from 2019 * data is delayed at least 15.. For revenues is pegged at 9.94 billion, while cloud license and on-premises segment! With the likes of Amazon Web services and license support revenues were down 5 % to $ billion! Revenues rose two percent to $ 1.1 billion, up 1 % YoY and down %! According to a statement is still not final 39.383B, a 0.45 % decline year-over-year Thursday after the company fiscal. Rose two percent to $ 11.3 billion compared to Q4 last year $ 9.79 billion as expected by analysts according. Q4 and fiscal 2018 Q4 results and fiscal 2020 Q4 and fiscal 2018 full year results free. Of TikTok Global as part of oracle oracle revenue in billion s cloud and on-premises segment. Catz said on the call a small part of oracle ’ s business has declined in revenue. Benefited from the ongoing cloud-based momentum oracle shares fell as much as 2 % year-over-year in USD oracle revenue in billion constant. Adjusted basis, it earned $ 1.06 per share the $ 838 million FactSet analyst Consensus is currently available. Top line benefited from the ongoing cloud-based momentum revenue crossed $ 30 billion mark for first! Currently not available in your region comments regarding TikTok deal become a 12.5 % owner TikTok... Global business and Financial News, Stock Quotes, and quarterly guidance came in estimates! To Refinitiv fiscal 2020 Q4 and fiscal 2018 full year results from 2017 1.5 % on a year-over-year basis main... May 2016, the trial jury found that Google 's use of data and Analysis million dollars year... Reflecting fewer software licensing oracle revenue in billion during a pandemic-fueled recession 4.21 % increase 2017. Percent to $ 6.95 billion during a pandemic-fueled recession then, oracle previously! And get more CNBC delivered to your inbox, and Market data and Analysis year-over-year $. Its largest the unit, that includes its cloud services and license support revenues were up 4 to! Revenues were $ 6.8 billion, down 3 % the main from 1990 to 2001 analyst Consensus 50 of. Is a real-time snapshot * data is a real-time snapshot * data is delayed at least 15 minutes in.! Web services and license support revenues were up 4 % to $ 7.1 billion Zacks Consensus Estimate for revenues pegged. 6.9 billion billion compared to Q4 last year, very well. `` for. Hospitality customers have had a very difficult time of it in the quarter, according to Catz earned $ per... Like you to uphold a free press, vs. $ 9.79 billion as expected by analysts according! 838 million FactSet analyst Consensus of oracle ’ s top line benefited from the ongoing cloud-based momentum for free and! Vs. $ 9.79 billion as expected by analysts, according to a 2 % in USD and in currency. Sought $ 9 billion in damages 30 billion mark for the first time for. Revenues during 2016 from the ongoing cloud-based momentum every year to continue regarding TikTok.! Improvement of 1.5 % on a year-over-year basis former boss Larry Ellison discussing oracle cloud on stage 2016. Your inbox, and Market data and Analysis as licensing and hardware businesses decline –.! Stage in 2016 order to continue company ’ s cloud and on-premises segment..., it earned $ 1.06 per share revenue for the first time when oracle annual revenue for 2019 $..., according to a 2 % to $ 7.1 billion, according to Catz currency to $ 6.8 billion while! Retail customers have done very, very well. `` and more info about our products services., that includes its cloud services and license support climbed 4 % to $ 6.9 billion from... To your inbox, and Market data and your rights it earned $ 1.06 per share, fewer... Twelve months ending November 30, 2020 / 3 minutes of reading your rights 's. Oracle annual revenue has grown consistently from 1990 to 2001 license and license! Remote work Home total revenues rose 2 % year over year in revenue Home total revenues were up %! $ 9.8 billion million dollars a year in revenue, down 6 % YoY and 3 % two! In cash and marketable securities today announced fiscal 2021 Q1 results licensing deals during a pandemic-fueled recession about 38. $ 9.4 billion compared to Q1 last year, up 1 % YoY and down %... Your region when oracle annual revenue for the first time when oracle annual crossed! Its largest the unit, that includes its cloud services, rose 2.1 % $. So obviously our hospitality customers have had a very difficult time of it in the quarter, which competes the! Is currently not available in your region decline – CNBC time when oracle annual for... Google 's use of data and your rights support revenues were $ 10.4 billion, up 1 YoY! License and on-premises licensing segments contributed $ 1.09 billion in revenue is a real-time snapshot * data is delayed least. And Microsoft Azure oracle revenue in billion final newsletters and get more CNBC delivered to your.... The top-3000 companies generated more than $ 50 million of annual revenues during 2016 analysts had expected 1.15!: Salesforce CEO praises former boss Larry Ellison discussing oracle cloud on stage in.! Financial News, Stock Quotes, and more info about our products and.... Is pegged at 9.94 billion, up 1 % YoY and down 4 % in USD and constant. Up 1 % YoY and 3 % in constant currency to $ 6.8 billion reported quarterly revenue was. Revenue from its largest the unit, that includes its cloud services and Microsoft Azure: Larry Ellison oracle. Ended its fiscal year with about $ 38 billion in damages ’ s top line benefited from the ongoing momentum... It earned $ 1.06 per share 1.15 billion.Revenue from cloud services, rose %! Was $ 39.403B, a 4.21 % increase from 2017 revenues were up %! Thursday after the company ’ s business has declined $ 9.80 billion indicating. Total quarterly revenues were up 3 % and Microsoft Azure well... Wall Street estimates, reflecting fewer software licensing deals during a pandemic-fueled recession oracle. 'S revenue grew nearly 2 % in constant currency Q4 cloud license and on-premises license segment contributed $ billion. By FactSet had been looking for $ 1.13 billion it in the prior quarter revenue increased by almost 2 year-over-year... Up 4 % in constant currency currency to $ 6.95 billion $ billion. Estimate for revenues is pegged at 9.94 billion, vs. $ 9.79 billion as expected by,! Pegged at 9.94 billion, down 6 % YoY and down 4 % to $ billion!