Updates with revenue and profit forecasts in second paragraph. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Short-term deferred revenues were $8.0 billion. Other names may be trademarks of their respective owners. Analysts projected $1.04. Oracle, which belongs to the Zacks Computer - Software industry, posted revenues of $9.80 billion for the quarter ended November 2020, surpassing the Zacks Consensus Estimate by … X Oracle Learning Subscriptions Feedback Prepare For Oracle Financials Cloud Revenue Management 2020 Certification “Exadata Cloud@Customer now enables our existing on-premise database customers to run the Oracle Autonomous Database in their own datacenter; previously, the Oracle Autonomous Database was only available in Oracle’s Gen2 Public Cloud. Cloud services and license support, Oracle’s largest business segment, generated $7.11 billion in second-quarter revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts. (9) Acquisitions present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of a transaction. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Analysts had expected $1.15 billion. Among the highlights of financial performance were: Total Quarterly Revenues of up 2 percent to $9.8 billion. Try one of the popular searches shown below. You'll probably have Oracle and SAP, too. Cloud license and on-premise license revenue fell 3 percent to $1.09 billion, hardware revenue fell 3 percent to $844 million, and services revenue fell 7 percent to $752 million. We suggest you try the following to help find what you’re looking for: Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. “So it’s doing extremely well. But it doesn’t remotely compare to Oracle Autonomous Database.”. “In Q4, non-GAAP earnings per share grew 5% in constant currency driven by strong performances in both our cloud infrastructure and cloud applications businesses,” said Oracle CEO, Safra Catz. Profit, excluding some items, will be $1.09 to $1.13 a share in the current quarter, Catz said. An Oracle Revenue Management Cloud 2020 Certified Implementation Specialist possesses a strong foundation and expertise implementing Enterprise Resource Planning (ERP) and Financials Cloud solutions in Revenue Management. Oracle is trying to become a technology partner and cloud computing services provider to ByteDance Ltd.’s TikTok in its bid to land major customers for its public cloud, but the deal remains mired in U.S. regulatory review. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. Oracle projects growing revenue after years of cloud slog 2 min read. Traditional software fees fueled 1.9% quarterly revenue gain, Company seeking big cloud customer in stalled TikTok proposal. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) The COVID-19 pandemic has affected how we and our customers are operating our respective businesses, and the duration and extent to which this will impact our future results of operations and our overall financial performance remains uncertain. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion … Second-generation cloud-infrastructure revenue grew … Oracle revenue for the twelve months ending August 31, 2020 was $39.217B, a 0.79% decline … GAAP earnings per share increased 4% to $3.08, while non-GAAP earnings per share was up 9% to $3.85. And then there may be a dose of Workday as well as Adobe. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Cloud license and on-premise license revenues were $2.0 billion. Check the spelling of your keyword search. Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. Subscribe for 12 months of unlimited access to constantly updated digital Oracle Cloud Learning Subscriptions. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. Enterprise Cloud infrastructure and applications technology provider Oracle Corporation reported fiscal Q2-2020 financial performance for the period ending November 30 this week and the tone of Oracle’s senior executives was rather upbeat.. Software as a service is expected to be the largest revenue slice of the cloud pie. Cloud license and on-premises license revenue fell 22%, to a little under $2 billion. Have a confidential tip for our reporters? All information set forth in this press release is current as of June 16, 2020. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Catz and Executive Chairman Larry Ellison have tried to focus on cloud computing services in an effort to revive languid revenue growth at the world’s second-largest software maker. Oracle Beats Quarterly Profit Estimates on Cloud Services Boost By Reuters , Wire Service Content Dec. 10, 2020 By Reuters , Wire Service Content Dec. 10, 2020, at 4:12 p.m. Ellison said demand from large clients for Oracle’s infrastructure cloud services outstripped supply in the last quarter, so the company is scurrying to expand data centers. But Gartner says Oracle is a “niche player” in a market led by Amazon, followed by Microsoft and Google. Oracle said sales of its Fusion application for managing corporate finances jumped 33% in the quarter, while revenue from NetSuite’s financial software, targeted to small and mid-sized businesses, increased 21%. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20.”, “In Q4, we launched a vastly improved version of our Exadata Cloud@Customer service,” said Oracle Chairman and CTO, Larry Ellison. Certification Overview. We'll focus on those five big vendors and their prospects. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Oracle Cloud Infrastructure revenue from Zoom, for example, more than doubled between May and August. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Cloud license and on-premise license revenues were $5.1 billion. Oracle reported total fiscal 2020 Q4 revenues were $10.4 billion, down 6% year-over-year compared to Q4 last year. In addition, Oracle’s Q4 results and fiscal 2020 financial tables are available on the Oracle Investor Relations website. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. It's also worth noting that some of the previous ven… Business Insider - (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. (7) Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. Oracle's revenue in its largest category of sales, Cloud services and license support, rose 4%, year over year, to $7.11 billion. (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. Analyst's were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Q4 FY2020 Fusion ERP cloud revenue, up 32% year-over-year (YoY), Q4 FY2020 Fusion HCM cloud revenue, up 27% YoY, Q4 FY2020 EPS of $0.99 and non-GAAP EPS of $1.20, up 3% YoY and 5% in constant currency, FY2020 EPS of $3.08 and non-GAAP EPS of $3.85, up 9% YoY and 11% in constant currency. Operating cash flow was $13.1 billion during the trailing twelve months. 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. Individuals earning this certification can configure Revenue Management Cloud services, implement Revenue Management Cloud, set up Revenue … Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. According to Gartner, SaaS revenue in 2020is expected to be $166 billion compared to $61.3 billion for IaaS. The latest report on ' Oracle Cloud Application Services market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. Oracle PPM Cloud, In App Oracle Learning, Oracle Training Tips Oracle Cloud Training as a Service Revenue methods are used to calculate revenue amounts for contracts. 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