Enabling all our on-premise database customers to upgrade and run Oracle’s latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database…especially by our largest customers including banks and governments that are not currently planning to move their largest and most critical systems to a public cloud.”. Cloud license and on-premise license revenues were $5.1 billion. GAAP earnings per share was $0.99, while non-GAAP earnings per share was up 3% YoY to $1.20. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. That metric includes sales from hosting customers’ data in the cloud, but a large portion is generated by maintenance fees for traditional software kept on clients’ corporate servers. That compares to a 2% rise in the prior quarter. Other names may be trademarks of their respective owners. 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. Executives didn’t provide an update on the proposal Thursday. Musk Inquires About Moving ‘Large Transactions’ to Bitcoin. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44%. REGISTRATION CLOSED : … 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.. And then there may be a dose of Workday as well as Adobe. 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. All information set forth in this press release is current as of June 16, 2020. Certification Overview. “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. Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. Second-generation cloud-infrastructure revenue grew … Cloud services and license support revenues were $6.8 billion, up … Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company is signing fewer new software deals. Yes, as per Trefis estimates Oracle(NYSE: ORCL) will see a growth of 1.1% in its top line for FY 2020 (ended May 2020). RBC expects Oracle cloud infrastructure revenue to … Performance Highlights. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Software as a service is expected to be the largest revenue slice of the cloud pie. 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. 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. Revenue Management also provides Non-GAAP operating income was down 2% YoY to $5.1 billion, and non-GAAP operating margin was 49%. In addition, the report stresses on major challenges as well as the latest growth strategies implemented by significant playe “Snowflake is a decent product, a good product, I think, and it’s just killing RedShift over at Amazon,” he said. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company … Such gains would keep Oracle on track to post three consecutive quarters of sales growth after two fiscal years of declining revenue. Oracle's revenue in its largest category of sales, Cloud services and license support, rose 4%, year over year, to $7.11 billion. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. Oracle Revenue Management Cloud Service 2020 Certified Implementation Specialist. We'll focus on those five big vendors and their prospects. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. For large enterprises, there are a few realities. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion … (6) Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation, legal requirements or industry standards relating to consumer privacy and data protection. (5) If the security measures for our products and services are compromised and as a result, our customers' data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, our brand and reputation could be damaged, the IT services we provide to our customers could be disrupted, and customers may stop using our products and services, all of which could reduce our revenue and earnings, increase our expenses and expose us to legal claims and regulatory actions. Owning a 7.7% public cloud market share according to Gartner, Alibaba has annual revenues of $2.49 billion, and … This dividend will be paid to stockholders of record as of the close of business on July 15, 2020, with a payment date of July 28, 2020. Cloud license and on-premise license revenues were $5.1 billion. For more information about Oracle (NYSE:ORCL), visit us at www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073. (4) We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings. Analysts projected $1.04. Analyst's were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. 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. You'll probably have Oracle and SAP, too. 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. 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 reported total fiscal 2020 Q4 revenues were $10.4 billion, down 6% year-over-year compared to Q4 last year. Profit, excluding some items, will be $1.09 to $1.13 a share in the current quarter, Catz said. December 10, 2020 (Reuters) – Oracle Corp beat Wall Street estimates for second-quarter profit and revenue on Thursday, as remote work trends boosted cloud … “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. 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. Updates with revenue and profit forecasts in second paragraph. 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 … Revenue Management works with any source application and is integrated with Oracle Financials Cloud, Project Financial Management Cloud, and Oracle E-Business Suite Release 12.1.3 or higher. Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. For starters, you're likely to have Salesforce in your company. Europe Moves to Isolate U.K. as Mutant Virus Ruins Christmas, U.K.’s Hancock Says New Covid Mutation Is ‘Out of Control’, A Speculative Frenzy Is Sweeping Wall Street and World Markets, Moderna to Begin Delivery; London Lockdown Ordered: Virus Update. 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. 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. Shares were little changed in extended trading after closing at $59.48 in New York. (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. Oracle revenue for the twelve months ending August 31, 2020 was $39.217B, a 0.79% decline … Analyst's were expecting revenue of $9.79 … Analysts had expected $1.15 billion. - Fusion ERP cloud revenue up 33%, NetSuite ERP cloud revenue up 23% REDWOOD SHORES, Calif., Sept. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Oracle projects growing revenue after years of cloud slog 2 min read. Sales climbed 1.9% to $9.8 billion in the fiscal second quarter, which ended Nov. 30, the Redwood Shores, California-based company said earlier in a statement, in line with analysts’ expectations of $9.79 billion. Subscribe for 12 months of unlimited access to constantly updated digital Oracle Cloud Learning Subscriptions. (3) Our cloud strategy, including our Oracle Software-as-a-Service and Infrastructure-as-a-Service offerings, may adversely affect our revenues and profitability. According to Gartner, SaaS revenue in 2020is expected to be $166 billion compared to $61.3 billion for IaaS. Claim my badge. Manage my certifications. 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%. “Leading the way was our Fusion Cloud ERP Suite that grew 35% in constant currency, and our Fusion Cloud HCM Suite grew 29% in constant currency. GAAP earnings per share increased 4% to $3.08, while non-GAAP earnings per share was up 9% to $3.85. The stock has gained 12% this year. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. The board of directors declared a quarterly cash dividend of $0.24 per share of outstanding common stock. 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. Oracle Cloud Infrastructure revenue from Zoom, for example, more than doubled between May and August. Customer interest in the firm’s internet-based applications has finally offset declining demand for its legacy tools. But it doesn’t remotely compare to Oracle Autonomous Database.”. Profit, excluding some items, was $1.06 a share, beating estimates by 6 cents. It's also worth noting that some of the previous ven… Quick... Apple Shuts Stores in California and London as Covid Surges, At Least 200 Victims Identified in Suspected Russian Hacking, U.K. Says Virus Strain Afflicting London Spreads More Easily. Use synonyms for the keyword you typed, for example, try “application” instead of “software.”. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. 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. Cloud license and on-premises license revenue fell 22%, to a little under $2 billion. Before it's here, it's on the Bloomberg Terminal. Overall, Microsoft’s Q1 and Q2 combined commercial cloud business revenue is now reported to be $20.6 billion, a 40% growth on H1 2018. Oracle and Java are registered trademarks of Oracle and/or its affiliates. In Oracle Project Portfolio Management Cloud, or Oracle PPM Cloud, revenue methods are applied to project contracts in order to recognize revenue. Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. Oracle Learning Subscriptions | Learn Oracle from Oracle. 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. Try one of the popular searches shown below. Individuals earning this certification can configure Revenue Management Cloud services, implement Revenue Management Cloud, set up Revenue … Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly-Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. Traditional software fees fueled 1.9% quarterly revenue gain, Company seeking big cloud customer in stalled TikTok proposal. ... 2020 Silicon Valley Structures . Q4 GAAP operating income was up 1% YoY to $4.3 billion, and GAAP operating margin was 41%. 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." Alibaba. (2) Our success depends upon our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. Operating cash flow was $13.1 billion during the trailing twelve months. Cloud license and on-premise license revenues were $2.0 billion. Analysts, on average, projected $9.94 billion, according to data compiled by Bloomberg. But Gartner says Oracle is a “niche player” in a market led by Amazon, followed by Microsoft and Google. Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding the rate of adoption of our Autonomous Database, are "forward-looking statements" and are subject to material risks and uncertainties. Ellison sought to reassure investors that Oracle will continue to lead the market for databases, the company’s signature product, and asserted that Oracle’s tool is “much faster” than the one sold by Snowflake Inc., a company that has seen its market value more than triple to almost $106 billion since its mid-September initial public offering. A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 1424537. Oracle undertakes no duty to update any statement in light of new information or future events. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. 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