- Q3 FY20 GAAP EPS rose 4% to $0.79 and Non-GAAP EPS to $0.97
- Total sales of $9.8 billion, rising 2% year on year and 3% in constant Currency
- Cloud Services & License Help $6.9 billion in sales, up 4 per cent year-over-year and 5 per cent in constant currency
- Fusion ERP Platform sales are up 37% year on year and 38% in constant currency
- The Board of Directors has raised equity buyback authorization by $15.0 billion
Oracle Company (NYSE: ORCL) today released Q3 performance for fiscal year 2020. Total sales contributed to $9.8 billion, rising 2% in USD and 3% in constant currency relative to Q3 last year. Revenues from cloud infrastructure and licensing assistance contributed to $6.9 billion, rising 4 percent in USD and 5 percent in constant currency. The cloud subscription and on-premise sales for the service contributed to $1.2 billion.
The net profits of GAAP rose by 4% to $3.5 billion and the operating profit of GAAP was 36%. Non-GAAP net profits grew by 2% to $4.4 billion and the non-GAAP operating profit rose by 44%. Net profit for GAAP was $2.6 billion, and net profits for non-GAAP was $3.2 billion. GAAP earnings per share rose by 4 percent to $0.79, while non-GAAP earnings per share decreased by 11 percent to $0.97, respectively.
Short-term estimated sales peaked at $7.8bn. Operating cash balance for the twelve months following was $13.9 billion.
We had an incredibly good year, with Overall Sales in constant currency rising 3 percent, “said Oracle CEO Safra Catz. “In constant currency, payment sales, composed of Cloud Services and License Support sales, rose by 5 per cent. Such gradually rising and recurrent subscription sales currently account for 71 per cent of overall business sales, allowing our operating margin to rise sequentially
The Oracle Autonomous Database, the first completely autonomous data management program in the world, will automatically fix security vulnerabilities when running; it keeps the data secure, “Oracle Chairman and CTO Larry Ellison said. “Oracle Autonomous Database is serverless as well as versatile, too. It is the only database that will immediately scale itself to an optimum amount of capital for the Processor and IO.
The Board of Directors raised equity repurchase authorization by $15.0bn. The board of directors has announced $0.24 per share of outstanding common stock as a quarterly cash dividend. This dividend will be issued on April 9, 2020, with a payout deadline of April 23, 2020, to reported stockholders as of business close.