Press Release
Total Cloud Revenues Up 58% to $1.4 Billion, Total Revenue Up 3% to $10.9 Billion
Redwood Shores, Calif.—Jun 21, 2017
Oracle
Corporation (NYSE: ORCL) today announced fiscal 2017 Q4 results and fiscal 2017
full year results. Comparing Q4 2017 to Q4 last year, SaaS (Software as a
Service) cloud revenues were up 67% to $964 million, and non-GAAP SaaS revenues
were up 75% to $1.0 billion. Cloud PaaS (Platform as a Service) plus IaaS
(Infrastructure as a Service) revenues were up 40% to $397 million, and
non-GAAP PaaS plus IaaS revenues were up 42% to $403 million. Total cloud
revenues were up 58% to $1.4 billion, and non-GAAP total cloud revenues were up
64% to $1.4 billion. Cloud plus on-premise software revenues were up 5% to $8.9
billion, and non-GAAP cloud and on-premise software revenues were up 6% to $8.9
billion. Total revenues were up 3% to $10.9 billion.
Operating Income was up 3% to
$4.1 billion, and the operating margin was 37%. Non-GAAP Operating Income was
up 5% to $5.0 billion, and the non-GAAP operating margin was 46%. Net Income
was $3.2 billion, and non-GAAP Net Income was $3.8 billion. Earnings Per Share
was $0.76, while non-GAAP Earnings Per Share was $0.89. Without the impact of
the U.S. dollar strengthening compared to foreign currencies, Oracle’s reported
GAAP Earnings Per Share would have been 2 cents higher, and non-GAAP Earnings
Per Share would have been 1 cent higher.
Short-term deferred revenues
were up 8% to $8.2 billion compared with a year ago. Operating cash flow on a
trailing twelve-month basis was up 3% to $14.1 billion.
For fiscal 2017, Cloud SaaS
revenues were up 61% to $3.2 billion compared to fiscal 2016. Non-GAAP SaaS
revenues were up 68% to $3.4 billion. Cloud PaaS and IaaS revenues were up 60%
to $1.4 billion for both GAAP and Non-GAAP. Total cloud revenues were up 60% to
$4.6 billion. Non-GAAP cloud revenues were up 66% to $4.7 billion. Cloud and
on-premise software revenues were up 4% to $30.2 billion. Non-GAAP cloud and
on-premise software revenues were up 5% to $30.4 billion. Total Revenues were
up 2% to $37.7 billion. Non-GAAP Total Revenues were up 2% to $37.9 billion.
Operating Income was $12.7
billion, and operating margin was 34%. Non-GAAP Operating Income was $16.2
billion and non-GAAP operating margin was 43%. Net Income was $9.3 billion
while non-GAAP Net Income was $11.6 billion. Earnings Per Share was $2.21,
while Non-GAAP Earnings Per Share was $2.74. Without the impact of the U.S.
dollar strengthening compared to foreign currencies, Oracle’s reported GAAP
Earnings Per Share would have been 4 cents higher and non-GAAP Earnings Per
Share would have been 3 cents higher.
“Our fourth quarter results
were very strong as revenue growth and earnings per share both substantially
exceeded the high end of guidance,” said Oracle CEO, Safra Catz. “We continue
to experience rapid adoption of the Oracle Cloud led by the 75% growth in our
SaaS business in Q4. This cloud hyper-growth is expanding our operating
margins, and we expect earnings per share growth to accelerate in fiscal 2018.”
“We sold $855 million of new
annually recurring cloud revenue (ARR) in Q4, putting us over our $2 billion
ARR bookings goal for fiscal year 2017,” said Oracle CEO, Mark Hurd. “We also
delivered over $1 billion in quarterly SaaS revenue for the first time. Next
year is going to be even better. We expect to sell a lot more than $2 billion
in new cloud ARR in fiscal year 2018.”
“AT&T has agreed to
migrate thousands of existing Oracle databases containing petabytes of data
plus their associated applications workloads to the Oracle Cloud,” said Oracle
Chairman and CTO, Larry Ellison. “In the coming year, I expect more of our big
customers to migrate their Oracle databases and database applications to the
Oracle Cloud. These large-scale migrations will dramatically increase the size
of both our PaaS and IaaS cloud businesses.”
The Board of Directors also
declared a quarterly cash dividend of $0.19 per share of outstanding common
stock. This dividend will be paid to stockholders of record as of the close of
business on July 19, 2017, with a payment date of August 2, 2017.
Q4
Fiscal 2017 Earnings Conference Call and Webcast
Oracle will hold a conference
call and webcast today to discuss these results at 2:00 p.m. Pacific. You may
listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the
live webcast of this event, please visit the Oracle Investor Relations website
at http://www.oracle.com/investor.
In addition, Oracle’s Q4 results and fiscal 2017 financial tables are available
on the Oracle Investor Relations website.A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Pass Code: 34656498.
Contact
Info
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Deborah Hellinger
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@oracle.com
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@oracle.com
