Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. Revenue will climb 2% to 4%, an estimated $10 billion to $10.4 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. 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… Oracle revenue, profit beat as cloud business benefits from remote work Home Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. 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 … "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. Oracle revenue for the twelve months ending November 30, 2020 was $39.403B, a 0.45% decline year-over-year. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. We rely on readers like you to uphold a free press. Oracle Ranking. 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 … 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. Revenues by Offerings. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. The company was founded in … In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. He was referring to Oracle's cloud infrastructure, which competes with the likes of Amazon Web Services and Microsoft Azure. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI) in the United States. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016. 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. Management refrained from making any comments regarding TikTok deal. The shares recovered after the company issued better-than-expected quarterly guidance. That compares to a 2% rise in the prior quarter. 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. Oracle (ticker: ORCL) said cloud services and license support were $7.1 billion, up 4%, accounting for 72% of revenue. Oracle's second-generation cloud-infrastructure revenue grew 139% in the quarter, Oracle CEO Safra Catz said on the call. Cloud license and on-premise license revenues were up 9% in USD and 8% in 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. All Rights Reserved. Oracle ended its fiscal year with about $38 billion in cash and marketable securities. Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q4 results and fiscal 2019 full year results. Cloud license and on-premise license revenues were down 3% to $1.1 billion. We want to hear from you. 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. Total revenue rose to $43.21 billion in the quarter ended Nov. 22 from $37.04 billion a year earlier, vs. a Refinitiv IBES estimate of $42.42 billion. Oracle annual revenue has grown consistently from 1990 to 2001. Oracle ended its fiscal year with about $38 billion in cash and marketable securities. In May 2016, the trial jury found that Google's use of Java's APIs was considered fair use. ... creating risk for investors.BofA projects that about 69% of 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. 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 … Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016. In … Total revenues rose 2% … Total Quarterly Revenues were $11.1 billion, up 1% in USD and up 4% in constant currency compared to Q4 last year. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Analysts surveyed by FactSet expect earnings of 85 cents a share on revenue of $9.05 billion. However, since then, Oracle has been reporting less than 5% YoY growth in its annual revenues, every year. 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. (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 from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. 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. The company recorded nearly 33% YoY growth in its annual revenue, which amounted to $35,622 million ($35.6 billion), globally. Got a confidential news tip? In fiscal 1990, the company posted only $196 million in revenue, which later increased to $10,231 million ($10 billion) in fiscal 2000. GAAP infrastructure subscription revenues were $4.2 billion, up 3%, with database subscription revenue, up 5%. 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. Cloud license and on-premise license revenue was $1.1 billion, down 3%. 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 … 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. 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’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. Cloud services and license support revenues were up 4% to $7.1 billion. Oracle previously settled a lawsuit filed under the False Claims Act, which accused the company of overbilling the US government between 1998 and 2006. 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. On a conference call, Catz said: While cloud license and on-premise license revenues were $2.5 billion, up … 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’s top line benefited from the ongoing cloud-based momentum. Please enable cookies on your web browser in order to continue. The Zacks Consensus Estimate for revenues is pegged at 9.94 billion, indicating improvement of 1.5% on a year-over-year basis. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Oracle's revenue grew nearly 2% year over year in the quarter, which … Oracle also announced the availability of a cloud service that organizations can use to monitor the health of different parts of applications running in clouds and on-premises centers. 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. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. … A Division of NBCUniversal. The company’s cloud and on-premises licensing segments contributed $ 1.09 billion in revenue, down 3%. The deal is not final. 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 is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. 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. Q4 Cloud Services and License Support revenues were up 8% to $6.8 billion. Analysts polled by FactSet had been looking for $1.13 billion. The company's net … 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 … Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. Business / December 11, 2020 December 11, 2020 / 3 minutes of reading. But a small part of Oracle’s business has declined. Oracle reported better-than-expected quarterly results as its key cloud applications businesses continued to benefit from the shift to remote work. In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. "And so obviously our hospitality customers have had a very difficult time of it in the main. In the prior quarter revenue increased by almost 2%. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. You also agree to our Terms of Service. Oracle reports slow revenue growth as licensing and hardware businesses decline – CNBC. 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%. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Total Cloud Services and … 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. Total revenue rose 1.6% to $9.37 billion, beating analysts' average estimate of $9.19 billion, according to IBES data from Refinitiv. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company … Oracle revenue, profit beat as cloud business benefits from remote work Home On a conference call, Catz said: While cloud license and on-premise license revenues were $2.5 billion… Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. Analysts were expecting revenue of $9.79 billion. Sign up for free newsletters and get more CNBC delivered to your inbox. In Q4, Total Revenues were up 3% to $11.3 billion compared to Q4 last year. Second-generation cloud-infrastructure revenue grew 139% in the quarter, according to Catz. REDWOOD SHORES, Calif., June 16, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Total quarterly revenues were $10.4 billion, down 6% YoY and down 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. Total revenues rose 2% to $9.8 billion. Revenues by Offerings. Oracle ORCL, +1.49% on Tuesday reported fiscal fourth-quarter net income of $3.11 billion… Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $2.5 billion. This was the first time when Oracle annual revenue crossed $10 billion mark, globally. Photo: Larry Ellison discussing Oracle Cloud on stage in 2016. Oracle annual revenue for 2018 was $39.383B, a 4.21% increase from 2017. At the same time, it continues to offer more traditional services to businesses, some of which have been hit hard by the pandemic. © 2020 CNBC LLC. Get this delivered to your inbox, and more info about our products and services. 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. Salesforce CEO praises former boss Larry Ellison for TikTok deal. "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 annual revenue for 2020 was $39.068B, a 1.11% decline from 2019. See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. Total revenues rose two percent to $9.8 billion. Oracle said it would become a 12.5% owner of TikTok Global as part of the deal. Oracle, which belongs to the Zacks Computer - Software industry, posted revenues of $9.80 billion for the quarter ended November 2020, surpassing the … The company's $752 million in services revenue, while slightly more than the $750 million consensus, was off by 7%. Oracle’s top line benefited from the ongoing cloud-based momentum. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q4 results and fiscal 2018 full year results. 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. 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 fiscal 2011, Oracle annual revenue crossed $30 billion mark for the first time. The company's deal to become a cloud provider for TikTok in the U.S. is still not final. 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 … 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. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Oracle reported quarterly revenue that was in line with Wall Street estimates, reflecting fewer software licensing deals during a pandemic-fueled recession. 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