REDWOOD SHORES, Calif., June 16, 2020/PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. 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's hardware revenue totaled $844 million, down 3% although just above the $838 million FactSet analyst consensus. 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%. 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 previously settled a lawsuit filed under the False Claims Act, which accused the company of overbilling the US government between 1998 and 2006. 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. 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. All Rights Reserved. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Cloud license and on-premise license revenues were up 9% in USD and 8% in REDWOOD SHORES, Calif., June 16, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. 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 … GAAP infrastructure subscription revenues were $4.2 billion, up 3%, with database subscription revenue, up 5%. Oracle annual revenue has grown consistently from 1990 to 2001. 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 up 2% year-over-year in USD and in constant currency to $9.4 billion compared to Q1 last year. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. © 2020 CNBC LLC. Some of our retail customers have done horribly, some have done very, very well.". The deal is not final. Revenues by Offerings. Second ... Oracle has previously used this portal for around four hundred million dollars a year in revenue. (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. Oracle reports slow revenue growth as licensing and hardware businesses decline – CNBC. 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. 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. Oracle reported quarterly revenue that was in line with Wall Street estimates, reflecting fewer software licensing deals during a pandemic-fueled recession. "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. In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. 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. You also agree to our Terms of Service. We rely on readers like you to uphold a free press. In Q4, Total Revenues were up 3% to $11.3 billion compared to Q4 last year. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. 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 … Oracle Ranking. 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. Oracle Corp. released fiscal first second-quarter financial results after markets closed Thursday.The firm reported $1.06 in earnings per share (EPS) and $9.8 billion in revenue … The company was founded in … 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. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. The shares recovered after the company issued better-than-expected quarterly guidance. Oracle ended its fiscal year with about $38 billion in cash and marketable securities. Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. 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. WATCH: Salesforce CEO praises former boss Larry Ellison for TikTok deal. The Zacks Consensus Estimate for revenues is pegged at 9.94 billion, indicating improvement of 1.5% on a year-over-year basis. Second-generation cloud-infrastructure revenue grew 139% in the quarter, according to Catz. Oracle annual revenue for 2020 was $39.068B, a 1.11% decline from 2019. Oracle annual revenue for 2019 was $39.506B, a 0.31% increase from 2018. Oracle annual revenue has grown consistently from 1990 to 2001. Oracle (ticker: ORCL) said cloud services and license support were $7.1 billion, up 4%, accounting for 72% of revenue. Oracle (ticker: ORCL) said cloud services and license support were $7.1 billion, up 4%, accounting for 72% of revenue. 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