Oracle Announces Q4 2020 Financial Results

Oracle has announced the Q4 2020 full year financial results. The company has reported the total quarterly revenues of $10.4 billion, which is 4% less as compared to the Q4 of the previous year. The Cloud Services revenues of the company were $6.8 billion. The Q4 GAAP operating income was $4.3 billion and the GAAP operating margin was 41%.

The GAAP net income was $3.1 billion and the non-GAAP net income was $3.8 billion. The GAAP earnings per share of the company increased to 4% and reached $3.08, while the non-GAAP earnings were $3.85 per share.

The board of directors of the company declared the quarterly cash dividend of $0.24 per share. The company has further added that the dividend will be paid to the stockholders at the close of business and payment date of July 28, 2020.

Chief Executive Officer of Oracle. Safra Catz said, “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.”

“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. 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. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20. Safra Catz said.

CTO and Chairman of Oracle, Larry Ellison said, “In Q4, we launched a vastly improved version of our Exadata [email protected] service,” said Oracle Chairman and CTO, Larry Ellison. “Exadata [email protected] 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.”

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