oracle cloud revenue 2020

Software as a service is expected to be the largest revenue slice of the cloud pie. 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. “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. 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." Claim my badge. 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. Revenue from cloud services and license support climbed 4% to $7.1 billion. Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Cloud license and on-premise license revenues were $2.0 billion. Oracle undertakes no duty to update any statement in light of new information or future events. Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. Cloud license and on-premise license revenues were $5.1 billion. Non-GAAP operating income was down 2% YoY to $5.1 billion, and non-GAAP operating margin was 49%. 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. REGISTRATION CLOSED : … GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. Musk Inquires About Moving ‘Large Transactions’ to Bitcoin. Use synonyms for the keyword you typed, for example, try “application” instead of “software.”. 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. (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 … RBC expects Oracle cloud infrastructure revenue to … (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. Analysts, on average, projected $9.94 billion, according to data compiled by Bloomberg. Sales climbed 1.9% to $9.8 billion in the fiscal second quarter, which ended Nov. 30, the Redwood Shores, California-based company said earlier in a statement, in line with analysts’ expectations of $9.79 billion. Second-generation cloud-infrastructure revenue grew … Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. In addition, Oracle’s Q4 results and fiscal 2020 financial tables are available on the Oracle Investor Relations website. Oracle reported that cloud license and on-premise license sales decreased 3% to $1.09 billion in fiscal second quarter, suggesting the company … Revenue Management also provides 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. Profit, excluding some items, will be $1.09 to $1.13 a share in the current quarter, Catz said. And then there may be a dose of Workday as well as Adobe. Manage my certifications. Enabling all our on-premise database customers to upgrade and run Oracle’s latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database…especially by our largest customers including banks and governments that are not currently planning to move their largest and most critical systems to a public cloud.”. Analysts projected $1.04. Executives didn’t provide an update on the proposal Thursday. We suggest you try the following to help find what you’re looking for: Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion … Updates with revenue and profit forecasts in second paragraph. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Individuals earning this certification can configure Revenue Management Cloud services, implement Revenue Management Cloud, set up Revenue … 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. 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. Try one of the popular searches shown below. Oracle’s fourth-quarter cloud services and license support revenue came to $6.8 billion, up 1% from a year ago. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. “So it’s doing extremely well. 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. In addition, the report stresses on major challenges as well as the latest growth strategies implemented by significant playe We'll focus on those five big vendors and their prospects. Analyst's were expecting revenue of $9.79 … Cloud license and on-premises license revenue fell 22%, to a little under $2 billion. Check the spelling of your keyword search. An Oracle Revenue Management Cloud 2020 Certified Implementation Specialist possesses a strong foundation and expertise implementing Enterprise Resource Planning (ERP) and Financials Cloud solutions in Revenue Management. (4) We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings. Oracle Learning Subscriptions | Learn Oracle from Oracle. (2) Our success depends upon our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services. For starters, you're likely to have Salesforce in your company. 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 … Best Value Unlimited Cloud Learning Subscription. Subscribe for 12 months of unlimited access to constantly updated digital Oracle Cloud Learning Subscriptions. Revenue: $9.80 billion, vs. $9.79 billion as expected by analysts, according to Refinitiv. Other names may be trademarks of their respective owners. Oracle Cloud Infrastructure revenue from Zoom, for example, more than doubled between May and August. (8) Our international sales and operations subject us to additional risks that can adversely affect our operating results. Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? 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. 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. 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. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Alibaba. 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. All information set forth in this press release is current as of June 16, 2020. (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. Q4 FY2020 Fusion ERP cloud revenue, up 32% year-over-year (YoY), Q4 FY2020 Fusion HCM cloud revenue, up 27% YoY, Q4 FY2020 EPS of $0.99 and non-GAAP EPS of $1.20, up 3% YoY and 5% in constant currency, FY2020 EPS of $3.08 and non-GAAP EPS of $3.85, up 9% YoY and 11% in constant currency. Traditional software fees fueled 1.9% quarterly revenue gain, Company seeking big cloud customer in stalled TikTok proposal. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Owning a 7.7% public cloud market share according to Gartner, Alibaba has annual revenues of $2.49 billion, and … But it doesn’t remotely compare to Oracle Autonomous Database.”. (3) Our cloud strategy, including our Oracle Software-as-a-Service and Infrastructure-as-a-Service offerings, may adversely affect our revenues and profitability. Analyst's were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. Q4 GAAP operating income was up 1% YoY to $4.3 billion, and GAAP operating margin was 41%. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44%. Short-term deferred revenues were $8.0 billion. Cloud license and on-premise license revenues were $5.1 billion. 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.. Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. - 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. 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. 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. Revenue Management works with any source application and is integrated with Oracle Financials Cloud, Project Financial Management Cloud, and Oracle E-Business Suite Release 12.1.3 or higher. It's also worth noting that some of the previous ven… This dividend will be paid to stockholders of record as of the close of business on July 15, 2020, with a payment date of July 28, 2020. Oracle reported total fiscal 2020 Q4 revenues were $10.4 billion, down 6% year-over-year compared to Q4 last year. The stock has gained 12% this year. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. “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. GAAP earnings per share was $0.99, while non-GAAP earnings per share was up 3% YoY to $1.20. Europe Moves to Isolate U.K. as Mutant Virus Ruins Christmas, U.K.’s Hancock Says New Covid Mutation Is ‘Out of Control’, A Speculative Frenzy Is Sweeping Wall Street and World Markets, Moderna to Begin Delivery; London Lockdown Ordered: Virus Update. December 10, 2020 (Reuters) – Oracle Corp beat Wall Street estimates for second-quarter profit and revenue on Thursday, as remote work trends boosted cloud … Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. 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. Customer interest in the firm’s internet-based applications has finally offset declining demand for its legacy tools. You'll probably have Oracle and SAP, too. Oracle Revenue Management Cloud Service 2020 Certified Implementation Specialist. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Oracle and Java are registered trademarks of Oracle and/or its affiliates. That compares to a 2% rise in the prior quarter. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. According to Gartner, SaaS revenue in 2020is expected to be $166 billion compared to $61.3 billion for IaaS. (9) Acquisitions present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of a transaction. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On … That metric includes sales from hosting customers’ data in the cloud, but a large portion is generated by maintenance fees for traditional software kept on clients’ corporate servers. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20.”, “In Q4, we launched a vastly improved version of our Exadata Cloud@Customer service,” said Oracle Chairman and CTO, Larry Ellison. ... 2020 Silicon Valley Structures . For large enterprises, there are a few realities. Oracle revenue for the twelve months ending August 31, 2020 was $39.217B, a 0.79% decline … X Oracle Learning Subscriptions Feedback Prepare For Oracle Financials Cloud Revenue Management 2020 Certification In Oracle Project Portfolio Management Cloud, or Oracle PPM Cloud, revenue methods are applied to project contracts in order to recognize revenue. Have a confidential tip for our reporters? 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. The board of directors declared a quarterly cash dividend of $0.24 per share of outstanding common stock. Yes, as per Trefis estimates Oracle(NYSE: ORCL) will see a growth of 1.1% in its top line for FY 2020 (ended May 2020). A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 1424537. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. Certification Overview. Oracle said sales of its Fusion application for managing corporate finances jumped 33% in the quarter, while revenue from NetSuite’s financial software, targeted to small and mid-sized businesses, increased 21%. Shares were little changed in extended trading after closing at $59.48 in New York. 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. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. (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. But Gartner says Oracle is a “niche player” in a market led by Amazon, followed by Microsoft and Google. 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. (6) Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation, legal requirements or industry standards relating to consumer privacy and data protection. “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. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Analysts had expected $1.15 billion. For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat 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. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Before it's here, it's on the Bloomberg Terminal. The latest report on ' Oracle Cloud Application Services market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. Profit, excluding some items, was $1.06 a share, beating estimates by 6 cents. Operating cash flow was $13.1 billion during the trailing twelve 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. “Snowflake is a decent product, a good product, I think, and it’s just killing RedShift over at Amazon,” he said. 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. Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Among the highlights of financial performance were: Total Quarterly Revenues of up 2 percent to $9.8 billion. Cloud services and license support revenues were $6.8 billion, up … 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. 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