{"id":397759,"date":"2020-12-10T16:05:14","date_gmt":"2020-12-10T21:05:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397759"},"modified":"2020-12-10T16:05:14","modified_gmt":"2020-12-10T21:05:14","slug":"oracle-announces-fiscal-2021-second-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oracle-announces-fiscal-2021-second-quarter-financial-results\/","title":{"rendered":"Oracle Announces Fiscal 2021 Second Quarter Financial Results"},"content":{"rendered":"
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– Q2 FY2021 GAAP EPS up 16% to $0.80, Non-GAAP EPS up 19% to $1.06<\/h2>\n

– Oracle Gen2 Cloud Infrastructure and Autonomous Database revenue up over 100%<\/h2>\n

– Fusion Cloud ERP revenue up 33%, NetSuite Cloud ERP revenue up 21%<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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REDWOOD SHORES, Calif., Dec. 10, 2020<\/span> \/PRNewswire\/ — Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion<\/span>. Cloud services and license support revenues were up 4% to $7.1 billion<\/span>. Cloud license and on-premise license revenues were down 3% to $1.1 billion<\/span>.<\/p>\n

Q2 GAAP operating income was up 13% to $3.6 billion<\/span> and GAAP operating margin was 37%. Non-GAAP operating income was up 14% to $4.6 billion<\/span> and non-GAAP operating margin was 47%. GAAP net income was up 6% to $2.4 billion<\/span>, and non-GAAP net income was up 9% to $3.2 billion<\/span>. GAAP earnings per share was up 16% to $0.80<\/span>, while non-GAAP earnings per share was up 19% to $1.06<\/span>. <\/p>\n

Short-term deferred revenues were $8.1 billion<\/span>. Operating cash flow was $14.0 billion<\/span> during the trailing twelve months.<\/p>\n

“Our highly profitable multi-billion dollar Fusion and NetSuite Cloud ERP applications businesses grew revenue 33% and 21% respectively in Q2,” said Oracle CEO, Safra Catz<\/span>. “These two strategic cloud applications businesses are major contributors to Oracle’s increased operating earnings and consistent earnings per share growth. We expect this rapid market share and revenue growth trend to continue as both Gartner and IDC rank Oracle’s ERP suite number one in the cloud.” <\/p>\n

“Oracle’s Gen2 Cloud Infrastructure is adding customers and growing revenue at a rate well in excess of 100% per year,” said Oracle Chairman and CTO, Larry Ellison<\/span>. “Demand for our Gen2 Cloud Infrastructure is exceeding our plan and we are opening new datacenters as fast as we can.\u00a0 Oracle opened 13 additional regional datacenters in 2020 to bring our total to 29 regional datacenters worldwide, more than AWS.”<\/p>\n

The board of directors declared a quarterly cash dividend of $0.24<\/span> per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on January 7, 2021<\/span>, with a payment date of January 21, 2021<\/span>.<\/p>\n

\n Business Innovations<\/b>\n <\/p>\n