Oracle, which belongs to the Zacks Computer - Software industry, posted revenues of $9.80 billion for the quarter ended November 2020, surpassing the … Cloud services and license support revenues were up 4% to $7.1 billion. The company's cloud license and on-premises license segment contributed $1.09 billion in revenue, down 3%. Business / December 11, 2020 December 11, 2020 / 3 minutes of reading. 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. Oracle revenue, profit beat as cloud business benefits from remote work Home Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. ... creating risk for investors.BofA projects that about 69% of Oracle… 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. Total revenues rose 2% to $9.8 billion. The company's $752 million in services revenue, while slightly more than the $750 million consensus, was off by 7%. See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. 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 … Analysts had expected $1.15 billion.Revenue from cloud services and license support climbed 4% to $7.1 billion. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Total Cloud Services and … A Division of NBCUniversal. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year 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. 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. REDWOOD SHORES, Calif., June 16, 2020/PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. “Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. Got a confidential news tip? Cloud license and on-premise license revenues were up 9% in USD and 8% in Oracle annual revenue has grown consistently from 1990 to 2001. The SelectUSA Investment Summit brings together … We rely on readers like you to uphold a free press. 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. "So the pandemic affects us in some ways negatively, in some ways positively, simply because of our size and breadth of customer base, it affects them differently," Catz said. (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. On a conference call, Catz said: While cloud license and on-premise license revenues were $2.5 billion… In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. Management refrained from making any comments regarding TikTok deal. 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 billion … Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. This content is currently not available in your region. Oracle’s top line benefited from the ongoing cloud-based momentum. On a conference call, Catz said: While cloud license and on-premise license revenues were $2.5 billion, up … Revenue will climb 2% to 4%, an estimated $10 billion to $10.4 billion… Its stocks have risen steadily throughout the year Its … 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 hardware revenue totaled $844 million, down 3% although just above the $838 million FactSet analyst consensus. REDWOOD SHORES, Calif., June 16, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. 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. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q4 results and fiscal 2019 full year results. Oracle annual revenue for 2018 was $39.383B, a 4.21% increase from 2017. 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. Second ... Oracle has previously used this portal for around four hundred million dollars a year in revenue. On an adjusted basis, it earned $1.06 per share. Revenues by Offerings. Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. Some of our retail customers have done horribly, some have done very, very well.". 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 … Oracle sought $9 billion in damages. Oracle's revenue in its largest category of sales, Cloud services and license support, rose 4%, year over year, to $7.11 billion. At the same time, it continues to offer more traditional services to businesses, some of which have been hit hard by the pandemic. He was referring to Oracle's cloud infrastructure, which competes with the likes of Amazon Web Services and Microsoft Azure. © 2020 CNBC LLC. Total revenues rose two percent to $9.8 billion. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $2.5 billion. Over the past decade, Oracle Corporation’s annual revenue has grown from around 22 billion U.S. dollars to nearly 40 billion, with fiscal year 2020 marking one of … 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. 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. That compares to a 2% rise in the prior quarter. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. 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. 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. 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. 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. WATCH: Salesforce CEO praises former boss Larry Ellison for TikTok deal. Oracle annual revenue for 2020 was $39.068B, a 1.11% decline from 2019. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company … Q4 Cloud License and On-Premise License revenues were down 5% to $2.5 billion. 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. 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 … In May 2016, the trial jury found that Google's use of Java's APIs was considered fair use. Analysts surveyed by FactSet expect earnings of 85 cents a share on revenue of $9.05 billion. Oracle Ranking. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016. Q4 Cloud Services and License Support revenues were up 8% to $6.8 billion. 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. (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.Revenue will climb 2% to 4%, an estimated $10 billion to $10.4 billion, in the period that ends in February, Chief Executive Officer Safra Catz said Thursday in a conference call. Total quarterly revenues were up 2% year-over-year to $9.8 billion. Oracle (ticker: ORCL) said cloud services and license support were $7.1 billion, up 4%, accounting for 72% of revenue. 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. Cloud license and on-premise license revenue was $1.1 billion… Total revenue rose 1.6% to $9.37 billion, beating analysts' average estimate of $9.19 billion, according to IBES data from Refinitiv. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q4 results and fiscal 2018 full year results. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. In … 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. Oracle revenue, profit beat as cloud business benefits from remote work Home … This was the first time when Oracle annual revenue crossed $10 billion mark, globally. The company's deal to become a cloud provider for TikTok in the U.S. is still not final. Please enable cookies on your web browser in order to continue. Oracle’s top line benefited from the ongoing cloud-based momentum. Oracle shares fell as much as 2% in extended trading Thursday after the company reported fiscal second-quarter earnings that beat analysts' expectations. Photo by Bloomberg 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. Analysts were expecting revenue of $9.79 billion. 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%. 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. 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 annual revenue for 2019 was $39.506B, a 0.31% increase from 2018. GAAP infrastructure subscription revenues were $4.2 billion, up 3%, with database subscription revenue, up 5%. Oracle's revenue grew nearly 2% year over year in the quarter, which ended Nov. 30, according to a statement. Revenues by Offerings Oracle… Oracle reported total revenues (on a GAAP basis) of $9.367 billion, up 2% (up 2% at cc) year over year, primarily led by improvement in cloud business. The company pointed to growth from cloud services, which are more in demand this year because the coronavirus has forced many corporate workers to telecommute. Oracle ORCL, +1.49% on Tuesday reported fiscal fourth-quarter net income of $3.11 billion… With $37 billion revenues, Oracle ranked number 72 in the R&P; Research list of top-3000 public companies in the US by revenues during 2016. However, since then, Oracle has been reporting less than 5% YoY growth in its annual revenues, every year. "And so obviously our hospitality customers have had a very difficult time of it in the main. 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. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. Oracle said it would become a 12.5% owner of TikTok Global as part of the deal. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Oracle is expected to add $2.2 billion in revenue between 2017 to 2020, out of which the Cloud services and license support business is expected to provide $3.3 billion… Oracle's revenue grew nearly 2% year over year in the quarter, which … Cloud license and on-premise license revenues were down 3% to $1.1 billion. 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