But Gartner says Oracle is a “niche player” in a market led by Amazon, followed by Microsoft and Google. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company is signing fewer new software deals. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On … Operating cash flow was $13.1 billion during the trailing twelve months. Cloud services and license support, Oracle’s largest business segment, generated $7.11 billion in second-quarter revenue, up 4% year over year and above the $7.04 billion consensus estimate among analysts. December 10, 2020 (Reuters) – Oracle Corp beat Wall Street estimates for second-quarter profit and revenue on Thursday, as remote work trends boosted cloud … Profit, excluding some items, will be $1.09 to $1.13 a share in the current quarter, Catz said. Oracle PPM Cloud, In App Oracle Learning, Oracle Training Tips Oracle Cloud Training as a Service Revenue methods are used to calculate revenue amounts for contracts. The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly-Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. Revenue Management also provides Oracle undertakes no duty to update any statement in light of new information or future events. Ellison said demand from large clients for Oracle’s infrastructure cloud services outstripped supply in the last quarter, so the company is scurrying to expand data centers. But it doesn’t remotely compare to Oracle Autonomous Database.”. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. Oracle Beats Quarterly Profit Estimates on Cloud Services Boost By Reuters , Wire Service Content Dec. 10, 2020 By Reuters , Wire Service Content Dec. 10, 2020, at 4:12 p.m. Oracle revenue for the twelve months ending August 31, 2020 was $39.217B, a 0.79% decline … Before it's here, it's on the Bloomberg Terminal. Analysts projected $1.04. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. X Oracle Learning Subscriptions Feedback Prepare For Oracle Financials Cloud Revenue Management 2020 Certification Cloud license and on-premises license revenue fell 22%, to a little under $2 billion. Analyst's were expecting revenue of $9.79 … Alibaba. 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 revenue fell 3 percent to $1.09 billion, hardware revenue fell 3 percent to $844 million, and services revenue fell 7 percent to $752 million. Oracle’s fourth-quarter cloud services and license support revenue came to $6.8 billion, up 1% from a year ago. Musk Inquires About Moving ‘Large Transactions’ to Bitcoin. Oracle reported total fiscal 2020 Q4 revenues were $10.4 billion, down 6% year-over-year compared to Q4 last year. Other names may be trademarks of their respective owners. (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 … “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,” said Oracle CEO, Safra Catz. Dec 10 (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. 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. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Oracle's revenue in its largest category of sales, Cloud services and license support, rose 4%, year over year, to $7.11 billion. In Oracle Project Portfolio Management Cloud, or Oracle PPM Cloud, revenue methods are applied to project contracts in order to recognize revenue. For more information about Oracle (NYSE:ORCL), visit us at www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073. Customer interest in the firm’s internet-based applications has finally offset declining demand for its legacy tools. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) The COVID-19 pandemic has affected how we and our customers are operating our respective businesses, and the duration and extent to which this will impact our future results of operations and our overall financial performance remains uncertain. Software as a service is expected to be the largest revenue slice of the cloud pie. 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. Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. Traditional software fees fueled 1.9% quarterly revenue gain, Company seeking big cloud customer in stalled TikTok proposal. (7) Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (5) If the security measures for our products and services are compromised and as a result, our customers' data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, our brand and reputation could be damaged, the IT services we provide to our customers could be disrupted, and customers may stop using our products and services, all of which could reduce our revenue and earnings, increase our expenses and expose us to legal claims and regulatory actions. Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Enterprise Cloud infrastructure and applications technology provider Oracle Corporation reported fiscal Q2-2020 financial performance for the period ending November 30 this week and the tone of Oracle’s senior executives was rather upbeat.. Cloud services and license support revenues were $6.8 billion, up … GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. Revenue from cloud services and license support climbed 4% to $7.1 billion. Catz and Executive Chairman Larry Ellison have tried to focus on cloud computing services in an effort to revive languid revenue growth at the world’s second-largest software maker. The stock has gained 12% this year. Claim my badge. Oracle Revenue Management Cloud Service 2020 Certified Implementation Specialist. (4) We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings. And then there may be a dose of Workday as well as Adobe. Oracle Learning Subscriptions | Learn Oracle from Oracle. Overall, Microsoft’s Q1 and Q2 combined commercial cloud business revenue is now reported to be $20.6 billion, a 40% growth on H1 2018. Non-GAAP operating income was down 2% YoY to $5.1 billion, and non-GAAP operating margin was 49%. Profit, excluding some items, was $1.06 a share, beating estimates by 6 cents. Shares were little changed in extended trading after closing at $59.48 in New York. Performance Highlights. Oracle is trying to become a technology partner and cloud computing services provider to ByteDance Ltd.’s TikTok in its bid to land major customers for its public cloud, but the deal remains mired in U.S. regulatory review. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Such gains would keep Oracle on track to post three consecutive quarters of sales growth after two fiscal years of declining revenue. Q4 GAAP operating income was up 1% YoY to $4.3 billion, and GAAP operating margin was 41%. Oracle projects growing revenue after years of cloud slog 2 min read. According to Gartner, SaaS revenue in 2020is expected to be $166 billion compared to $61.3 billion for IaaS. Among the highlights of financial performance were: Total Quarterly Revenues of up 2 percent to $9.8 billion. ... 2020 Silicon Valley Structures . Business Insider - (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." In addition, Oracle’s Q4 results and fiscal 2020 financial tables are available on the Oracle Investor Relations website. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Analysts, on average, projected $9.94 billion, according to data compiled by Bloomberg. Ellison sought to reassure investors that Oracle will continue to lead the market for databases, the company’s signature product, and asserted that Oracle’s tool is “much faster” than the one sold by Snowflake Inc., a company that has seen its market value more than triple to almost $106 billion since its mid-September initial public offering. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. “Exadata Cloud@Customer 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. Updates with revenue and profit forecasts in second paragraph. (8) Our international sales and operations subject us to additional risks that can adversely affect our operating results. Quick... Apple Shuts Stores in California and London as Covid Surges, At Least 200 Victims Identified in Suspected Russian Hacking, U.K. Says Virus Strain Afflicting London Spreads More Easily. Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? REGISTRATION CLOSED : … Check the spelling of your keyword search. A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 1424537. Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. Individuals earning this certification can configure Revenue Management Cloud services, implement Revenue Management Cloud, set up Revenue … You'll probably have Oracle and SAP, too. Cloud license and on-premise license revenues were $2.0 billion. Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding the rate of adoption of our Autonomous Database, are "forward-looking statements" and are subject to material risks and uncertainties. “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. All information set forth in this press release is current as of June 16, 2020. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Subscribe for 12 months of unlimited access to constantly updated digital Oracle Cloud Learning Subscriptions. - Fusion ERP cloud revenue up 33%, NetSuite ERP cloud revenue up 23% REDWOOD SHORES, Calif., Sept. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. 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