Breaking News. Oracle shares fell as much as 2% in extended trading Thursday after the company reported fiscal second-quarter earnings that beat analysts' expectations. NBCUniversal said it will also double the amount of ad inventory local advertisers can access on the NBC App, which has content from networks including MSNBC, Bravo and E!. 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. Oracle annual revenue has grown consistently from 1990 to 2001. 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, which accounted for 74% of total revenues, increased 2% to $6.9 billion. Oracle's revenue grew nearly 2% year over year in the quarter, which ended Nov. 30, according to a statement. Revenue will climb 2% to 4%, an estimated $10 billion to $10.4 billion… In the prior quarter revenue increased by almost 2%. Oracle’s deal to act as TikTok’s new “trusted technology partner” could be worth more than $1 billion in potential revenue annually for Oracle’s cloud business in the coming years, according to previously undisclosed data viewed by The Information. Oracle shares lost 0.5% in after-hours trade following the report. Earnings, adjusted for nonrecurring costs and stock option expense, were $6.35 per share. He was referring to Oracle's cloud infrastructure, which competes with the likes of Amazon Web Services and Microsoft Azure. However, since then, Oracle has been reporting less than 5% YoY growth in its annual revenues, every year. Get this delivered to your inbox, and more info about our products and services. For the current quarter ending in February, Broadcom said it expects revenue in the range of $6.6 billion. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q3 results. The most important news stories of the day, curated by Post editors and delivered every morning. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI) in the United States. Total quarterly revenues were $10.4 billion… Cloud Services and License Support revenues were $6.9 billion, up 4% in USD and 5% in constant currency. Oracle's hardware revenue totaled $844 million, down 3% although just above the $838 million FactSet analyst consensus. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Excluding items, Oracle earned $1.06 per share, topping market expectations of $1 per share, according to IBES data from Refinitiv. The results topped Wall Street expectations. Oracle now boasts 7,300 Fusion ERP customers … Analysts projected $1. Profit, excluding some items, was $1.06 a share. Log into your account. Analysts polled by Investing.com … Cloud License and On-Premise License revenues were $1.2 billion. Oracle annual revenue has grown consistently from 1990 to 2001. Excluding the after-hours move, shares of Oracle are up about 12% since the start of 2020, while the S&P 500 is up almost 14%. The company pointed to growth from cloud services, which are more in demand this year because the coronavirus has forced many corporate workers to … However, Oracle’s cloud services and license support group, which produces the lion's share of revenue, rose up 2% to $6.95 billion during the quarter. (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. © 2020 CNBC LLC. The deal is not final. Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. In the final minutes of trading Thursday, shares hit $410.04, a rise of 30 percent in the last 12 months. 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. 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 applications businesses continued growing rapidly with Fusion ERP up 33% and NetSuite ERP up 23%. Total revenue rose 1.6% to $9.37 billion, beating analysts' average estimate of $9.19 billion, according to IBES data from Refinitiv. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Oracle also announced the availability of a cloud service that organizations can use to monitor the health of different parts of applications running in clouds and on-premises centers. 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. On a conference call, Catz said: While cloud license and on-premise license revenues were $2.5 billion… The company's net income rose to US$2.25 billion, or 72 cents per share, in the first quarter ended August 31, from US$2.14 billion, or 63 cents per share, a year earlier. 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. The value of Revenues is projected to decrease to about 36.1 B.During the period from 2010 to 2020, Oracle Revenues yarly data series regression line had median of 37,728,000,000 and range of 13,011,000,000.Oracle Net Income Common Stock is relatively stable at the moment as compared to the past year. The company's deal to become a cloud provider for TikTok in the U.S. is still not final. 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 0.15%. 8:30 a.m.: Labor Department releases the Producer Price Index for November. The chipmaker posted revenue of $6.47 billion in the period, also beating Street forecasts. Oracle revenue up in 1Q Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Thirteen analysts surveyed by Zacks expected $1.01 billion. Short-term deferred revenues were $9.9 billion. Revenue from Oracle’s largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. Oracle’s largest business segment, cloud services and license support, generated $7.11 billion in revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts polled by FactSet. Some of our retail customers have done horribly, some have done very, very well.". Oracle generated a total of $37 billion revenues during 2016. In the prior quarter revenue grew 2%. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI) […] Total Revenues were $9.8 billion, up 2% in USD and 3% in constant currency compared to Q3 last year. "And so obviously our hospitality customers have had a very difficult time of it in the main. Sales climbed 1.9 percent to $9.8 billion in the fiscal second quarter, which ended Nov. 30, the Redwood Shores, Calif.-based company said Thursday in a statement. In the prior quarter revenue increased by almost 2%. Revenues by Offerings. Oracle ended its fiscal year with about $38 billion in cash and marketable securities. Oracle's largest business segment, cloud services and license support, generated $7.11 billion in revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts polled by FactSet. In the prior quarter revenue grew 2%. In fiscal 2011, Oracle annual revenue crossed $30 billion mark for the first time. The company’s net income rose to $2.25 billion, or 72 cents per share, in the first quarter ended Aug. 31, from $2.14 billion, or 63 cents per share, a year earlier. "Q1 was fantastic with total revenue beating guidance by more than $150 million, and non-GAAP earnings per share beating guidance by $0.07," said Oracle CEO, Safra Catz. Oracle reported a revenue growth of -3.1% year-over-year during 2016. The company's $752 million in services revenue, while slightly more than the $750 million consensus, was off by 7%. 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 Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. 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. Lululemon Athletica on Thursday reported fiscal third-quarter net income of $143.6 million. Oracle Revenues yearly trend continues to be relatively stable with very little volatility. The move is another step in NBCUniversal’s push to simplify how advertisers of all sizes purchase ads across all the platforms where viewers watch content, including TV and streaming services. Oracle's second-generation cloud-infrastructure revenue grew 139% in the quarter, Oracle CEO Safra Catz said on the call. 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 … Earnings, adjusted for nonrecurring costs, were $1.16 per share. 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. Total revenue rose 1.6% to $9.37 billion, beating analysts' average estimate of $9.19 billion, according to IBES data from Refinitiv. "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. Oracle reports slow revenue growth as licensing and hardware businesses decline. Oracle’s revenue grew 2% year over year in the quarter, which ended Nov. 30, according to a statement. But smaller parts of Oracle’s business declined. Oracle’s revenue grew 2% year over year in the quarter, which ended Nov. 30, according to a statement. The statistic shows the geographic distribution of Oracle's revenue between fiscal year 2015 and 2020, by region. Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California.The company sells database software and technology, cloud engineered systems, and enterprise software products—particularly its own brands of database management systems.In 2019, Oracle was the second-largest software company by revenue and market … On an adjusted basis, Oracle earned 93 cents per share, above market expectation of 86 cents per share. The stock has gained 12 percent this year. In … WATCH: Salesforce CEO praises former boss Larry Ellison for TikTok deal. Shares fell about 1 percent in extended trading after closing at $59.48 in New York. While Internet-based applications for managing corporate employees, accounting and financial planning have performed well, clients have shown waning interest in the company’s legacy tools. Oracle said it would become a 12.5% owner of TikTok Global as part of the deal. Review our. Welcome! Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. your password A Division of NBCUniversal. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $6.26 per share. But a small part of Oracle’s business has declined. Nine analysts surveyed by Zacks expected $6.42 billion. By signing up you agree to our Terms of Use and Privacy Policy, Share your feedback by emailing the author. The company pointed to growth from cloud services, which are more in demand this year because the coronavirus has forced many … Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in around 27.4 billion U.S. dollars in its 2020 fiscal year. Membership-only retail chain Costco Wholesale beat market estimates for first-quarter revenue Thursday as pandemic-wary consumers staying at home bought more frozen foods, liquor and home-furnishing products. The revenues and the revenue growth correspond to the fiscal year ending in May. On a per-share basis, the San Jose-based company said it had net income of $2.93. In fiscal 1990, the company posted only $196 million in revenue, which later increased to $10,231 million ($10 billion) in fiscal 2000. On a per-share basis, the Vancouver-based company said it had profit of $1.10. Got a confidential news tip? Cloud Services and License Support revenues were $6.9 billion, up 4% in USD and 5% in constant currency. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. Oracle's quarterly results beat expectations, and quarterly guidance came in above estimates. Oracle's largest business segment, cloud services and license support, generated $7.11 billion in revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts polled by FactSet. Sign up for free newsletters and get more CNBC delivered to your inbox. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Oracle reported fiscal 2021 first-quarter sales increased 2% to $9.4 billion with EPS increasing 14% to $0.72. Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. Have a question about our comment policies? NBC Spot On, a program that serves advertisers on NBCUniversal’s local TV stations, will expand to let local businesses buy ads on its streaming service Peacock, and on NBCUniversal content that appears on Google’s YouTube and Apple News. Analysts surveyed by Zacks had expected revenue of $6.51 billion. In the prior quarter revenue increased by almost 2%. The company pointed to growth from cloud services, which are in more demand this year because the coronavirus has forced many corporate workers to telecommute. Total Revenues were $9.8 billion, up 2% in USD and 3% in constant currency compared to Q3 last year. This was the first time when Oracle annual revenue crossed $10 billion mark, globally. 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 2020 Q3 results. Oracle's non-GAAP net income for the fourth quarter was $3.8 billion, while non-GAAP earnings per share were up 3% year-over-year to $1.20. Oracle’s top line benefited from the ongoing cloud-based momentum. The company's cloud license and on-premises license segment contributed $1.09 billion in revenue, down 3%. Total revenues rose 2% to $9.8 billion. Data is a real-time snapshot *Data is delayed at least 15 minutes. The company pointed to growth from cloud services, which are more in demand this year because the coronavirus has forced many corporate workers to telecommute. Broadcom on Thursday reported fiscal fourth-quarter net income of $1.32 billion. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Local advertisers will now be able to target their ads to viewers in more sophisticated ways, such as by what content they like to watch and geo-targeting, which is key for businesses that will aim to reach potential customers near their stores. "We would have had more revenue growth if we had not been capacity constrained in OCI during Q2," Larry Ellison, Oracle's co-founder and chairman, told analysts on a conference call. Oracle is expected to add $2.2 billion in revenue between 2017 to 2020, out of which the Cloud services and license support business is expected to provide $3.3 billion… Inland Revenue had at one stage planned to use software from Oracle to underpin its partially-completed $1.8 billion Business Transformation project … Oracle reported quarterly revenue that was in line with Wall Street estimates, reflecting fewer software licensing deals during a pandemic-fueled recession. "Our highly profitable multi-billion dollar Fusion and NetSuite Cloud ERP applications businesses grew revenue 33 per cent and 21 per cent respectively in Q2," said Oracle CEO Safra Catz. (Reporting by Neha Malara in Bengaluru; Editing by Arun Koyyur) Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. The company pointed to growth from cloud services, which are more in demand this year because the coronavirus has forced many … Oracle revenue, profit beat as cloud business benefits from remote work. Executive Chairman Larry Ellison and Chief Executive Safra Catz have tried to boost the languid revenue growth at the world’s second-largest software maker. Analysts polled by FactSet had been looking for $1.13 billion. December 10, 2020 admin National 0. The results exceeded Wall Street expectations. Analysts, on average, expected $9.79 billion, according to data compiled by Bloomberg News. your username. Oracle revenue, profit beat as cloud business benefits from remote work Home Oracle’s revenue grew nearly 2% year over year in the quarter, which ended Nov. 30, according to a statement. 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